### Forecasting Techniques

Consider a price-taking firm in the competitive industry for raw chocolate. The market demand and supply functions for raw chocolate are estimated to be Chocolate demand: Q = 10,000-10,000P+2M Chocolate supply: Q = 40,000 + 10,000P- 4,000PI Where Q is the number of 10 pound bars per month, P is the price of a 10 pound b