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Find the Equilibrium Point (X,p)of the Demand and Supply Equations p=5700.5xp = 570 - 0.5 x

Question 16

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=5700.5xp = 570 - 0.5 x p=370+0.3xp = 370 + 0.3 x


A) (250,445) ​
B) ​​(445,-250) ​
C) ​(445,250) ​
D) ​(-250,445) ​
E) ​(-250,-445) ​

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