Question: Suppose the market for kittens adoption centre can be described by the following equations: Demand equation: Qd = 100 20P Supply equation: Qs =

Suppose the market for kittens adoption centre can be described by the following equations:
Demand equation: Qd = 100 – 20P

Supply equation: Qs = 130 + 2P

Calculate the equilibrium price (P) and quantity (Q) of kittens. Remember that a negative price of kittens is not allowed. How many kittens will be adopted by humans and how many will be “strays?”

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