ced analysis The demand for commodity X is represented by th

ced analysis) The demand for commodity X is represented by the equation P- 100-20 and supply by the equation P-10+4Q. If demand changed from P 100-2Q to P- equilibrium price is 130-Q, the new O $90 O $110. O $96. O $106 42 2 100931335

Solution

P=10+4Qs

And new demand=P=130-Qd

We know at equilibrium Qd=Qs

Thus 10+4Q=130-Q

5Q=120

Q=120/5=24

And price=130-24=106

Thus ans is D