A large number of firms are capable of producing chocolate-covered cockroaches. The linear, upward-sloping supply curve starts
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A large number of firms are capable of producing chocolate-covered cockroaches. The linear, upward-sloping supply curve starts on the price axis at \(\$ 6\) per box. A few hardy consumers are willing to buy this product (possibly to use as gag gifts). Their linear, downward-sloping demand curve hits the price axis at \(\$ 4\) per box. Draw the supply and demand curves. Does this market have an equilibrium at a positive price and quantity? Explain your answer.
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