Question: The demand function for widgets is p = D(x) = 20 -0.5x. The supply function for widgets is p = S(x) = 0.75x + 5.

The demand function for widgets is p = D(x) = 20 -0.5x. The supply function for widgets is p = S(x) = 0.75x + 5. Find the equilibrium price and quantity for widgets.

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