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Find the Equilibrium Point (X,p)of the Demand and Supply Equations

Question 47

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 = 129.00 - 0.07x
P = 0.2x - 60


A) ​(200,115)
B) (700,80)
C) No solution
D) ​(514,42.8)
E) (300,108) ​

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