Determine the equilibrium price and quantity of the above market when j=100. Qd= Qs given the following equations: 400 – 2P + 4j = – 100 + 3P and 400+400+100 = 3P+2P calculate price and quantity. (5) d) Plot a graph showing the above res

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Determine the equilibrium price and quantity of the above market when j=100.
Qd= Qs
given the following equations: 400 – 2P + 4j = – 100 + 3P and
400+400+100 = 3P+2P calculate price and quantity. (5)
d) Plot a graph showing the above res

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