Question: /A Moving to another question will save this response. Question 2 of 9 Question 2 3 points Save Answer Consider the following estimated demand function:

/A\\ Moving to another question will save this response. Question 2 of 9 Question 2 3 points Save Answer Consider the following estimated demand function: Qp = 250000 500P 1.50M 240PR where Qp is the quantity of the product demanded, P is the market price for the product, M is the average consumer income, and PR is the price of the related product. (Question 2 of 6) Currently, the average income, M, is $60,000 and PR, the price of the related product, is $100. In addition, the market supply equation for the product is Qg =24000 + 300P. The market is currently in equilibrium. What is the current market price? /i\\ Moving to another question will save this response.

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