a-market-has-demand-p-700-4q-and-supply-p-100-2q-find-the-equilibrium-price-and-

Question

A market has demand P = 700 - 4Q and supply P = 100 + 2Q. Find the equilibrium price and quantity.

Accepted Answer

Q = 100, P = 300

Answer

Q = 200, P = 500

Answer

Q = 50, P = 200

Answer

Q = 150, P = 400