The demand and supply curves for a certain product are given in terms of price, p, by 
and 
. What is the equilibrium price?
Definitions:
Design Thinking
A problem-solving approach characterized by empathy with users, a discipline of prototyping, and a tolerance for failure, used primarily within the context of product design and business innovation.
Visualizing
The process of forming mental images or concepts to understand or analyze information.
Economic Models
Simplified representations of complex economic processes, used to predict economic variables and understand their interactions.
Reality
The state of things as they actually exist, as opposed to how they may appear or may be thought to be.
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