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)

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