question archive The market demand function for ice cream cones is Qd=19

The market demand function for ice cream cones is Qd=19

Subject:MarketingPrice:2.88 Bought3

The market demand function for ice cream cones is Qd=19.5−5P. The market supply function for ice cream cones is Qs=10P−17

a. What is the equilibrium price in the market for ice cream cones?

b. What is the equilibrium quantity in the market for ice cream cones?

 

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