Question: Please do not simply answer questions. Please provide work. Thank you. Question 8 3 points Save Answer Consider that the market for modified electronic cigarettes,

Please do not simply answer questions. Please provide work. Thank you.

Question 8 3 points Save Answer Consider that the market for modified electronic cigarettes, mod e-cigs, is described by the following demand and supply equations: Qp = 488 - 3.5P and Qs = 2.5P - 80, where P is the price in dollars for one mod e-cig, and Q and Q measure the quantity of mod e-cigs per quarter. The market is currently in equilibrium. Question 2 of 6) Given the current market environment, what is the current quantity traded? (report your answer as tons per quarter at two decimal pices). A Moving to another question will save this response. &gt

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