(Advanced analysis)Answer the question on the basis of the following information.The demand for commodity X is represented by the equation P = 100 - 2Q and supply by the equation P = 10 + 4Q. Refer to the given information.The equilibrium quantity is:

Question

Quizplus · Accepted Answer

To find the equilibrium quantity, we need to set the demand equal to the supply:
100 - 2Q = 10 + 4Q
Rearranging the equation, we get:
6Q = 90
Q = 15
Therefore, the equilibrium quantity is 15.

(Advanced Analysis)Answer the Question on the Basis of the Following