Answer the next question(s) on the basis of the following information. The demand for commodity X is represented by the equation P = 100 – 2Q and…

Answer the next question(s) on the basis of the following information. The demand for commodity X is represented by the equation P = 100 – 2Q and supply by the equation P = 10 + 4Q.Refer to the above information. If demand changed from P = 100 – 2Q to P = 130 – Q, the new equilibrium price is…