68. Market demand is given as Qd = 400 2P. Market supply is given as Qs =3P + 100. In a perfectly competitive equilibrium, what
68. Market demand is given as Qd = 400 2P. Market supply is given as Qs =3P + 100. In a perfectly competitive equilibrium, what will be price and quantity? Show work. (3 marks) 69. Market demand is given as Qd = 80 P. Market supply is given as Qs = 3P. What are the price and quantity at the equilibrium? Show work
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