Business, 11.10.2020 23:01 jeanieb

The demand function for pork is: , Q400 100P 0.01
where is the tons of pork demanded in your city per week, P is the price of a pound of pork, and INCOME is the average household income in the city. The supply function for pork is: ,
Q%- 200+150P-30
where is the tons of pork supplied in your city per week, P is the price of a pound of pork, and COST is the cost of pig food. Suppose INCOME is $ and COST is $.
In this case, the equilibrium price of pork would be $ nothing and the equilibrium quantity of pork would be nothing tons. (Round your answer for the price to two decimal places.)
Suppose INCOME falls to $ and COST does not change. The new equilibrium price of pork would be $ nothing, and the new equilibrium quantity of pork would be nothing tons. (Round your answer for the price to two decimal places.)
Suppose INCOME is $ and COST rises to $. The new equilibrium price of pork would be $ nothing, and the new equilibrium quantity of pork would be nothing tons. (Round your answer for the price to two decimal places.)
Suppose INCOME falls to $ and COST rises to $. The new equilibrium price of pork would be $ nothing, and the new equilibrium quantity of pork would be nothing tons. (Round your answer for the price to two decimal places.)

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The demand function for pork is: , Q400 100P 0.01
where is the tons of pork demanded in your...