Question

Given the supply and demand functions P = Q^2 + 14Q + 22 (supply equation) P=-Q^2 - 10Q + 150 (demand equation) Calculate the equilibrium price and quantity. Select one: a. Q = 4, P = 94 b. Q = -16, P = 104 c. Q = 3.5 , P = 95 d. Solution is not possible as two lines are parallel​

Answer 1

Answer:

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