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small question Question 4: Suppose demand and supply are described by the following equations: QD=1000-4p; QS-250+2p and market equilibrium is QD-QS a) What is the

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small question

Question 4: Suppose demand and supply are described by the following equations: QD=1000-4p; QS-250+2p and market equilibrium is QD-QS a) What is the equilibrium price and quantity in this market? (01 mark) b) As incomes in China rise, the global prices of chicken and mutton increase. Why? (01 mark)

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