(Solved): 10. Assume that the demand and supply curves for good A are given as the equations you see below. N ...

10. Assume that the demand and supply curves for good A are given as the equations you see below. Note: please read the instructions above about rounding your answers. Demand: $P=500?4Q_d$ $(Q_d=$ quantity of A demanded, $P=$ price $)$ Supply: $\mathrm{P}=100+1{\mathrm{Q}}_{\mathrm{s}}$ $(Q_{\mathrm{s}}=$ quantity of A supplied $)$ a. The equilibrium quantity in this market is (express your answer as a number - e.g., if the answer is 25 units, then record your answer as 25. I.e., do not write the word "units" after your answer or record an answer like 25.0) b. The equilibrium price in this market is (express your answer in terms of dollars, with or without the dollar sign-e.g., if your answer is 25 , then record your answer as $\$25$ or 25 , but not as 25.0 or $\$25.00$, etc.)