Business, 27.04.2021 15:10 emilyjohnna11

Suppose that the demand for milk in the United States is represented by the following equation, where P is the price of a gallon of milk. QD = 200 – 10P The supply of milk is represented by the following equation: QS = –10 + 50P The equilibrium price of a gallon of milk is a) $ (give your answer to two decimals), and the equilibrium quantity is b) million gallons.

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Suppose that the demand for milk in the United States is represented by the following equation, wher...