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Question Completion Status: 90 10 115 120 13 140 150 161 17 18 191 20 21 221 230 240 251 260 271 28 291 301 31 320 420 430 440 450 46 48 490 50 Use the following Information to answer 38, 39, 40, 41. The demand for 2020 Alabama Crimson Tide National Championship jackets is given by the function Qd = 500 - 2P. The supply function for the jackets Qs = -200 + 8P. Using this information, answer the following questions below. What is the equilibrium price and quantity? $1 16 and 268 jackets $30 and 440 jackets $70 and 100 jackets $70 and 360 jackets QUESTION 39 If the government imposes a price floor on the 2020 National Championship jackets, set at a price of $80, what is the new quantity demanded? 340 360 440 100 QUESTION 40 If the government imposes a price floor on the 2020 National Championship jackets, set at a price of $80, what is the new quantity supplied? 200 440 360 340 e and submit. Click Save All Answers to save all answers