Find the Equilibrium Point (X,p)of the Demand and Supply Equations $p = 150 - 0.07 x$

question 4

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. ​
Demand
Supply $p = 150 - 0.07 x$ $p = 65 + 0.1 x$ ​

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

---

Definitions:

Interest Rate

The rate at which a borrower pays interest for the money borrowed from a lender.

Loanable Funds

The total funds available for borrowing in the economy, coming from savings, that are used for investments and consumption.

Interest Rate

The fraction of a loan incurred as interest by the borrower, often depicted as an annual percentage of the outstanding loan amount.

Capital Flight

The rapid movement of large sums of money out of a country, typically to escape economic instability or unfavorable investment conditions.