Market research has revealed the following information about the market for chocolate: demand schedule Qd=1600-300P, Supply schedule Qd = 1400+700P. Calculate the equilibrium quantity for chocolates

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Chapter1: Making Economics Decisions
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Market research has revealed the following information about the market for chocolate: demand schedule Qd=1600-300P, Supply schedule Qd = 1400+700P. Calculate the equilibrium quantity for chocolates.

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