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Find the Equilibrium Point (X,p)of the Demand and Supply Equations p=4100.0004xp = 410 - 0.0004 x

Question 19

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=4100.0004xp = 410 - 0.0004 x p=230+0.0002xp = 230 + 0.0002 x


A) ​(290,300,000)
B) ​(290,-300,000) ​
C) (-300,000,-290) ​
D) (300,000,290)
E) (-300,000,290) ​

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