I have attached the document with the questions. Please answer to the best of ability.
. Consider a perfectly competitive coal market, in which demand and supply are given by the following functions: = 40 − 2 , = − 4 5 + 2 5 . a. Determine the equilibrium price per ton of coal in this m
. Consider a perfectly competitive coal market, in which demand and supply are given by the following functions: = 40 − 2 , = − 4 5 + 2 5 . a. Determine the equilibrium price per ton of coal in this market ( ) and the quantity sold at