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Find the Equilibrium Point (X,p)of the Demand and Supply Equations p=1400.00003xp = 140 - 0.00003 x

Question 10

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=1400.00003xp = 140 - 0.00003 x p=90+0.00001xp = 90 + 0.00001 x


A) (103,1,250,000)
B) ​(-1,250,000,-103)
C) ​(1,250,000,103)
D) ​(103,-1,250,000)
E) ​(-1,250,000,103)

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