market research has revealed the following, Microeconomics

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market research has revealed the following

Market research has revealed the following information about the market for chocolate bars: The demand schedule can be represented by the equation QD= 1,600-300P, where QD is the quantity demanded and P is the price. The supply schedule can be represented by the equation QS= 1,400 + 700P, where Qs is the quantity supplied. Calculate the equilibrium price and quantity in the market for chocolate bars.

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Microeconomics: market research has revealed the following

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