In the blackberry market, the quantity demanded is given by QD = 2,600 – 500P, and the quantity supplied is given by QS = –400 + 100P. What are the equilibrium price and equilibrium quantity?
$4.25 and 3,000 pounds
$5 and 100 pounds
$1.80 and 2,200 pounds
$2.50 and 900 pounds
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In the blackberry market, the quantity demanded is given by QD = 2,600 – 500P, and the quantity supp...
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