document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1104007>Question 1104007</A>: <I><SPAN STYLE=\"word-break: break-all;\"> Find the equilibrium point of the demand and supply equations. (The equilibrium point is the price p and the number of units x that satisfies both the demand and supply equations.<BR>\n" );
document.write( "Demand         <BR>\n" );
document.write( "p=118-0.07x   \r<BR>\n" );
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document.write( "Supply<BR>\n" );
document.write( "p=0.9x-270 </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #718715 by </B><A HREF=/tutors/aboutme.mpl?userid=Boreal><B>Boreal(15235)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Boreal><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=Boreal><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=718715\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> p=118-0.07x <BR>\n" );
document.write( "p=0.9x-270<BR>\n" );
document.write( "Set them equal to each other, since they are both equal to p.<BR>\n" );
document.write( "118-0.07x=0.9x-270<BR>\n" );
document.write( "0.97x=388<BR>\n" );
document.write( "x=400<BR>\n" );
document.write( "p=90 in both equations when x=400. </SPAN>\n" );
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