An economist is interested in the variation of the price of a single product. It is observed that a high price for the product in the market attracts more suppliers. However, increasing the quantity of the product supplied tends to drive the price down. Over time, there is an interaction between price and supply. The economist has proposed the following model, where Pr, represents the price of the product at year n, and Qn represents the quantity. Find the equilibrium values for this system. Pn+1 = Pn – 0.1(Qn – 500) %3D Qn+1 = Qn + 0.2(Pn – 100)

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