Question #268151

Q=400-2P+4i and Q=100+30

1
Expert's answer
2021-11-19T11:02:27-0500

At Equilibrium; Quantity supplied = Quantity Demanded

4002P+4i=100+3P400-2P+4i=100+3P

Assuming i=25

Then

4002P+425=100+3P400-2P+4*25=100+3P

4002P+100=100+3P400-2P+100=100+3P

500100=3P+2P500-100=3P+2P

400=5P400=5P

P=80P=80

Q=4002(80)+100Q=400-2(80)+100

Q=340Q=340


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