Find the Equilibrium Point (X,p) of the Demand and Supply $\begin{array}{lr}\text { Demand }&\text { Supply }\\p=150-0.07 x&p=65+0.1 x\end{array}$

question 55

Multiple Choice

Find the equilibrium point (x,p) of the demand and supply equations.The equilibrium point is the price p and number of units x that satisfy both the demand and supply equations.
$\begin{array}{lr}\text { Demand }&\text { Supply }\\p=150-0.07 x&p=65+0.1 x\end{array}$

• A) (-500, -115)
• B) (500, 115)
• C) (-500, 115)
• D) (115, -500)
• E) (115, 500)

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