QS=3P

QD=400P

The equilibrium price is ________ and the equilibrium quantity is _________.

Qs=3 (p-40). what is the quantity supplied and quantity demanded?

this is all the lesson gives me. It says a market is described by the following supply and demand curves? How do I solve this?

Suppose the government imposes a price ceiling of $80. This price ceiling is ____and the market price will be $_____. The quantity supplied will be ________. Therefore, a price ceiling of $80 will result in __________.

Suppose the government imposes a price floor of $80. this price floor is ______and the market price will be $___________. The quantity supplied will be __________and the quantity demanded will be ________. Therefore, a price floor of $80 will result in ______________.