(Advanced analysis) Answer the question 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 given information.If demand changed from P = 100 - 2Q to P = 130 - Q,the new equilibrium price is:

A) $90.
B) $110.
C) $96.
D) $106.

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, resulting in a stable market condition.

Demand Equation

A mathematical formula representing the relationship between the quantity demanded of a good and its price, along with other factors like income and price of related goods.

Supply Equation

An algebraic expression representing the relationship between the quantity supplied of a good and its price, along with other factors like the cost of inputs.