SOLUTION: Find the equilibrium point for the demand and supply functions for D(p)=133-10p S(p)=65+7p

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Question 850842: Find the equilibrium point for the demand and supply functions for
D(p)=133-10p
S(p)=65+7p

Found 2 solutions by Fombitz, Edwin McCravy:
Answer by Fombitz(32388)   (Show Source): You can put this solution on YOUR website!
Answer by Edwin McCravy(20054)   (Show Source): You can put this solution on YOUR website!
The equilibrium point is the value of the price p when demand function D(p)
equals the supply function S(p):

So set D(p)=S(p) by setting their right sides equal:

133-10p = 65+7p

and solve for the price p (which makes demand equal to supply.

Edwin
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