Market demand is given as Q_D= 200 - 6P.Market supply is given as Q_S= 4P.Which legally imposed price would constitute a binding price floor

Question

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A binding price floor is set above the equilibrium price. The equilibrium price is found by setting Q_D = Q_S: 200 - 6P = 4P, solving gives P = $20. A price floor of $30 is above this equilibrium price, making it binding.

Market Demand Is Given as QD = 200 - 6P

Market Demand Is Given as Q_D= 200 - 6P