function for Product X is given by the equation Qd = 100 – 5(P) and the supply function is given by the equation Qs = 50 + 5(P). Determine the quantities demanded and supplied if prices were as follows. Please present the entire mathematical procedure to calculate the values of quantity demanded (Qd) and quantity supplied (Qs).                         Price                               Qd                                             Qs                            P = $ 2                          ________                                ________                              P = $ 3                         ________                                 ________

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