At what price will quantity demanded equal zero

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Reference no: EM131239116

Suppose the demand and supply curves for a given product have the following equations

Demand: Q= 1000-10P

Supply: Q=-100+10P

a. At what price will quantity demanded equal zero?

b. At what price will quantity demanded equal 200?

c. Write the demand equation with price as a function of quantity demanded.

d. Use the two equations to determine the market equalibrium price and quantity traded by buyers and sellers.

Reference no: EM131239116

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