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The market for sports drinks is characterized by the following supply and demand functions: Supply: Q5 = 80 + 9p Demand: QB = 208 7p,
The market for sports drinks is characterized by the following supply and demand functions: Supply: Q5 = 80 + 9p Demand: QB = 208 7p, where Q5 stands for quantity supplied (number of bottles), QB stands for quantity demanded (number of bottles), and p standsfor price (per bottle). lst attempt Part 1 (1 point) At the price of $7 per bottle in the market for sports drinks, sellers would want to sell bottles. Part 2 (1 point) At the price of $7 per bottle in the market for sports drinks, buyers would want to buy bottles. Part 3 (1 point) Suppose that the current price per bottle in the market for sports drinks is $7. In this market there is v Part 4 (4 points) Once the market reaches an equilibrium, the price will v to $ per bottle, and the quantity will v to bottles
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