104.1f demand function is P 100 4x and supply function is P 30 +X, then find the equilibrium price: yf HTT P- 100-4x r g RTTP 30+x, TgaH (1 44 (2) 16 14 (4) 30
The correct answer is (1) 44.
Given,
Equation 1 : p = 100 - 4x
Equation 2 : p = 30 + x
At equilibrium, demand price = supply price.
So p (in equation 1) = p (in equation 2)
100 -...