Find the Equilibrium Point of the Demand and Supply Equations $~~~~~~~~~~~~~~~~~~$

question 95

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
$p = 30 - 0.04 x \quad p = 0.8 x - 390$

• A) \(( 500,10 )\)
• B) \(( 200,22 )\)
• C) \(( 899,329.2 )\)
• D) \(( 600,6 )\)
• E)inconsistent

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