Suppose Demand Can Be Described with the Equation Q =

Essay

Suppose demand can be described with the equation Q = 900 - 5P and supply with the equation Q = 100 + 5P.Complete the following table.Determine the equilibrium price and quantity.
$\begin{array}{r}&\text { Quantity }&\text { Quantity }&\text { Surplus/ }\\\text {Price}&\text {Demanded}&\text {Supplied}&\text { Shortage }\\\$ 100 &---&---&---\\95 &---&---&---\\90 &---&---&---\\85 &---&---&---\\80 &---&---&---\\75 &---&---&---\\70 &---&---&---\\65 &---&---&---\\60 &---&---&---\\\end{array}$