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. . st r :48.67'V,12.170f25 Homework: Chapter 2 Question 9, Text Exercrse ) . co e 0 paints Homework 3.4 0 Points: 0 of 1

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. . st r :48.67'V,12.170f25 Homework: Chapter 2 Question 9, Text Exercrse ) . co e 0 paints Homework 3.4 0 Points: 0 of 1 Consider the demand funcon for processed pork in Canada, Qd = 826.00 - 16p + 20p,J + 3pc + 0.002Y The supply function for processed pork in Canada is: 05 = 460.00 + 58p 00ph p Is the price of pork pb is the price of beef = $4 per kg * Q is the quantity of pork demanded pc is the price of chicken = $3 per kg (measured in millions of kg per year) Y is the income of consumers = $12,500 ph is the price of a hog = $1.50 per kg Solve for the equilibrium price and quantity for pork. The equilibrium price of pork is S D and the equilibrium quantity of pork is D million kg per year. (Enternumeric responses using real numbers munqedfo lw decimal places.)

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