Question
In the blackberry market, the quantity demanded is given by Q D = 2,600 1,000 P , and the quantity supplied is given by
In the blackberry market, the quantity demanded is given by QD = 2,600 – 1,000P, and the quantity supplied is given by QS = –100 + 500P. What is the equilibrium price and equilibrium quantity?
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Microeconomics
Authors: Douglas Bernheim, Michael Whinston
2nd edition
73375853, 978-0073375854
