The demand and supply functions for iPads are given by: Demand: Qd = 1300 - 2P Supply: Qs = 300 + 2P Where Qd is quantity demanded, Qs is quantity supplied and P is price. In this market: O The equilibrium price is 250 and the equilibrium quantity is 800 O The equilibrium price is 500 and the equilibrium quantity is 300 O The equilibrium price is 350 and the equilibrium quantity is 600 The equilibrium price is 200 and the equilibrium quantity is 700

The demand and supply functions for iPads are given by: Demand: Qd=13002P Supply: Qs =300+2P Where Qd is quantity demanded, Qs is quantity supplied and P is price. In this market: The equilibrium price is 250 and the equilibrium quantity is 800 The equilibrium price is 500 and the equilibrium quantity is 300 The equilibrium price is 350 and the equilibrium quantity is 600 The equilibrium price is 200 and the equilibrium quantity is 700