question archive Suppose the market demand and supply functions are QD = 300 - 2P and QS = 4P - 204
Suppose the market demand and supply functions are QD = 300 - 2P and QS = 4P - 204
Subject:MarketingPrice:2.88 Bought3
Suppose the market demand and supply functions are QD = 300 - 2P and QS = 4P - 204.
Mort has just graduated and moved to this city: as a new MBA and an entrepreneur, he is considering entering the market for this product.
Determine the equilibrium price and quantity in this market.
a. P = $84; Q = 132
b. P = $80; Q = 116
c. P = $76; Q = 148
d. P = $92; Q = 164
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