Find the Equilibrium Point (X,p) of the Demand and Supply $\begin{array}{lr}\text { Demand }&\text { Supply }\\p=410-0.0004 x&p=230+0.0002 x\end{array}$

question 36

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.
$\begin{array}{lr}\text { Demand }&\text { Supply }\\p=410-0.0004 x&p=230+0.0002 x\end{array}$

• A) (290, 300,000)
• B) (290, -300,000)
• C)(-300,000, -290)
• D)(300,000, 290)
• E)(-300,000, 290)

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