Consider the following demand and supply curves: Qd = 100 – 2P, and… Consider the following demand and supply curves: Qd = 100 – 2P, and Qs = ½ P, calculate the equilibrium P and Q for this initial situation and assuming the supply curve changes to Qs = ½ P + 10. Which of the following is correct?A. the initial equilibrium is P = 40, Q = 20 and the supply curve shifts left.B. the initial equilibrium is P = 40, Q = 20 and the new equilibrium is P = 36, Q = 28.C. the initial equilibrium is P = 40, Q = 20 and the new equilibrium remains the same.D. the initial equilibrium is P = 40, Q = 20 and the new equilibrium is P = 38, Q = 28. Business Economics Econometrics
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