Question: The demand function for a product is: Qd=1,00010P and its supply function is: Q5=400+2P The equiburum price of the good is equal to The equilbrium

The demand function for a product is: Qd=1,00010P and its supply function is: Q5=400+2P The equiburum price of the good is equal to The equilbrium quantity of the good is equal to From a figure showing the demand and supply curves of the good, the equilibrum price and quantify can be determined from the highest point of the supply curve intersectian paint of the fwo curves higheat point of the demand curve

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