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Consider the following two equations representing the market for Clydesdales (a large breed of horse) in...

Consider the following two equations representing the market for Clydesdales (a large breed of horse) in Moscow: (1) P = 2600 - 60QD (2) P = 600 + 20QS a. (2 points) Find the equilibrium price and quantity in the market.

b. Graph supply and demand in the market, and label the equilibrium point

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Civenthat Ca) To Find euulibrium to eojuate demand and Supply Onenee eauatloh P - 2600 -60 d P600 +20 3 At equili brium 2600 66oo Loau 2600-600-80aj су p = 2600-60(25) 2600 s00 duadvant T 0 Quadvont_ 30 25 30 ч3.3Y suontity Dem anded aty Supplied&quilibrium priceニ1100 2S sume is topay p= 2600-60ad S milo P= 600 + 2083

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