Notice:
Please solve the question in an easy and clear way

M= 7

K= 5

6. If your monthly quantity demand function for a product is Qd = (2000+ M) - 3p, and your monthly quantity supply function for a product is Qs = p – (400 – K), then find: a. Equilibrium quantity (10 marks) b. chock price (4 marks) C. slope of the demand curve and supplied curve (4 marks) d. If the demand for the product is decrease by (100-D) for each price find new demand (2 marks) curve.