Suppose the market demand curve for cranberry is given by the equation Qd=500-4P, while market supply curve for cranberry is described by the equation Qs=-100+2P where P is the price. Find the equilibrium quantity of cranberries ?

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A: Below is the given information: Qd = 1600 - 300PQs = 1400 + 700P

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A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: Suppose the market shown in the graph below is initially in equilibrium with price at P1. Then, the…

A: Hi! thanks for the question but as per the guidelines, we can answer only one question at one time.…

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Q: Market research has revealed the following information about the market for chocolate: demand…

A: Given information:Demand, Qd = 1600 - 300PSupply, Qs = 1400  + 700P

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Q: Quantity of the good demanded

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Q: You are given the following supply and demand equations: Qd 100 – 2P Qs= 10 + P a. What will be the…

A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…