Question: 1.8. The demand for computer monitors is given by the equation Qd ! 700 P, while the supply is given by the equation Qs

1.8. The demand for computer monitors is given by the equation Qd ! 700 " P, while the supply is given by the equation Qs ! 100 # P. In both equations P denotes the market price. Fill in the following table. For what price is the market in equilibrium—supply equals to the demand?

P 200 250 300 350 400 Qd Qs

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