Suppose that the demand and supply functions for good x are given as follows Of - 240-2P, + 1 - Py and Of = -30+ P. - 21 +s-2f where Py denotes the price of good x. P. denotes the price of a related product y, I denotes income, t denotes tax firms face. s denotes subsidy and f denotes factor prices. Suppose also that exogenous variables are given as follows: Income (1) - 450. Price of the related product (P, ) = 30, tax (t) =24, subsidy (s)=15 and factor prices (f)-36. What are the equilibrium price and output values, respectively? 100, 240 130, 265 265, 130 240, 100