The given relations explain demand and supply q 700

The given relations explain demand and supply q 700 - 100p

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Reference no: EM13453527

The following relations describe demand and supply.

Q = 700 - 100P (1) Q = -100 + 100P (2)

Where P is price in dollar and Q is quantity in unit.

a. Which equation (1) or (2), is demand equation and why?

Reference no: EM13453527

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