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Find the Equilibrium Point (X,p) of the Demand and Supply  Demand  Supply p=1500.07xp=65+0.1x\begin{array}{lr}\text { Demand }&\text { Supply }\\p=150-0.07 x&p=65+0.1 x\end{array}

Question 55

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=1500.07xp=65+0.1x\begin{array}{lr}\text { Demand }&\text { Supply }\\p=150-0.07 x&p=65+0.1 x\end{array}


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

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