Question: 1. 2. Given the following equations: Q = 100 + 5P and Q - 150-SP, which one of the equations is a supply equation and

1. 2. Given the following equations: Q = 100 + 5P and Q - 150-SP, which one of the equations is a supply equation and which one is the demand equation. Determine the equilibrium price and quantity. (5 points)

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