Q=400-2P+4i and Q=100+30
At Equilibrium; Quantity supplied = Quantity Demanded
400−2P+4i=100+3P400-2P+4i=100+3P400−2P+4i=100+3P
Assuming i=25
Then
400−2P+4∗25=100+3P400-2P+4*25=100+3P400−2P+4∗25=100+3P
400−2P+100=100+3P400-2P+100=100+3P400−2P+100=100+3P
500−100=3P+2P500-100=3P+2P500−100=3P+2P
400=5P400=5P400=5P
P=80P=80P=80
Q=400−2(80)+100Q=400-2(80)+100Q=400−2(80)+100
Q=340Q=340Q=340
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