Use the following demand and supply equations to answer the question QD = 25 – P QS = -11 + 2P a) Complete the demand and supply schedule: P QD QS $9     $10     $11     $12     $13     $14     $15       b) Graph the demand and supply curves on the same graph (with P as the vertical axis and Q as the horizontal)   c) What is the equilibrium price and quantity in this market?

Q: Determine the equilibrium price and quantity of the above market when j=100. Qd= Qs given the…

A: Given,   Qd=400-2P+4j   Qs=100+3P ⇒    P=Q-1003    &  j=100    ∴Qd=400-2P+4 100      ⇒ Qd=800-2P…

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Q: Market research

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