Find the Equilibrium Point of the Demand and Supply Equations

question 93

Multiple Choice

Find the equilibrium point 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.) Demand
Supply

---

Definitions:

Ambi-

A prefix meaning both, indicating inclusivity or both sides, used in various scientific and medical terminologies.

Ana-

a prefix denoting upward, back, again, excessive, or apart.

Bi-

A prefix indicating two, double, or twice, used in various scientific and mathematical contexts.

Chromo-

A prefix relating to color or pigmentation, commonly used in terms related to biology and chemistry.