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.
Definitions:
Europeans
People originating from or native to the continent of Europe.
Confederation of States
A union of states or regions that come together for a common purpose, maintaining a degree of autonomy but governed by a central authority.
Nineteenth Century
The era spanning from January 1, 1801, to December 31, 1900, marked by profound industrial, cultural, and political shifts globally.
Maintained Independence
The state of a nation or entity having preserved its sovereignty and self-governance over time, often despite challenges or threats.
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