Question: Consider the demand function for processed pork in Canada, The supply function for processed pork in Canada is: Qd = 273.00 15p + 20pb +

 Consider the demand function for processed pork in Canada, The supply

Consider the demand function for processed pork in Canada, The supply function for processed pork in Canada is: Qd = 273.00 15p + 20pb + 3pC + oloozv 05 = 30500 + 28p - 60p,1 p is the price of pork pb is the price of beef = $4 per kg 0 is the quantity of pork demanded pC is the price of chicken = $3 per kg (measured in millions of kg per year) Y is the income of consumers = $12,500 ph is the price of a hog = $1.50 per kg Solve for the equilibrium price and quantity for pork. The equilibrium price of pork is $ and the equilibrium quantity of pork is million kg per year. (Enter numeric responses using real numbers rounded to two decimal places.)

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