Question: The supply function and the demand function for a product are linear and are determined by the tables that follow. (a) Write an equation for

The supply function and the demand function for a product are linear and are determined by the tables that follow.

(a) Write an equation for the supply function and one for the demand function.

(b) Find the quantity and price that give market equilibrium.

Supply Function Demand Function Price ($) 100 200 400 Price ($) Quantity Quantity 355 330 280 125 150 100 200 200 400

Supply Function Demand Function Price ($) 100 200 400 Price ($) Quantity Quantity 355 330 280 125 150 100 200 200 400

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