Assume that demand for a commodity is represented by the equ…

Assume that demand for a commodity is represented by the equation P=70−Qd​ Supply is represented by the equation P=−10+3Qs​ Using the equilibrium condition Qs = Qd, solve the equations to determine equilibrium Price.  Enter you answer as to the nearest hundredth (0.00) number with no annotations

Assume that demand for a commodity is represented by the equ…

Assume that demand for a commodity is represented by the equation P=70−Qd​ Supply is represented by the equation P=−10+3Qs​ Using the equilibrium condition Qs = Qd, solve the equations to determine equilibrium quantity.  Enter you answer as to the nearest hundredth (0.00) number with no annotations  

Consider your sofa at rest on your living room floor.  (a) A…

Consider your sofa at rest on your living room floor.  (a) As your parents start to lift it, does the support force on the desk provided by the floor increase, decrease, or remain unchanged? Why? (b) What happens to the support force on the feet of your parents? Why?