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Homework answers / question archive / Suppose QD = 200 - 4P and QS = 100 describe market demand and market supply in a given market

Suppose QD = 200 - 4P and QS = 100 describe market demand and market supply in a given market

Marketing

Suppose QD = 200 - 4P and QS = 100 describe market demand and market supply in a given market. a. Algebraically find equilibrium price and quantity and support your answer graphically. b. What is unusual about this market? Give an example of a good or service that might be characterized in this way.

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