A shipping company moves cars from Texas to Maryland with the demand curve Q=5000-100P, and ships motorcycles back from Maryland to Texas with the demand curve Q=1000-100P. The cost of round trip is $20. Find the equilibrium price and quantity graphically. 

Answer rating: 100% (QA)

Okay here are the steps to solve this graphically 1 Draw the demand curves on the same graph For ca... View the full answer