In the blackberry market, the quantity demanded is given by QD = 2,600 - 500P, and the quantity supplied is given by QS = -400 + 100P. What are the equilibrium price and equilibrium quantity?
A) $5 and 100 pounds
B) $4.25 and 3,000 pounds
C) $2.50 and 900 pounds
D) $1.80 and 2,200 pounds
Correct Answer:
Verified
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