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Market research has revealed the following information about the market for chocolate bars: The demand schedule can be represented by the equation QD 1,600-300P,

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Market research has revealed the following information about the market for chocolate bars: The demand schedule can be represented by the equation QD 1,600-300P, where QD is th quantity demanded and P is the price. The supply schedule can be represented by the equation QS 1,400+700P, where QS is the quantity supplied. Calculate the equilibrium price and quantity in the market for chocolate bars. 5 Paragraph = BI

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