QX = 100 " 0.4PX QX = 40 + 0.2PX a. At what price level would demand for good X equal zero?

QX = 100 – 0.4PXQX = 40 + 0.2PXAt what price level would demand for good X equal zero?At what price level would supply of good Xequal zero?What is the equilibrium market price for product XWhat is the equilibrium quantity demanded and suppliedGovernment imposes a price floor of $120. Analyze the impact of this floor on price, quantity demanded and supplied. Would this price floor create a surplus or deficit of this product in the market