Question: The weekly supply and demand functions for a certain item are given by the equations p=0.1.2? + 1.6.2 + 2 p= -0.1.x2 2 + 30
The weekly supply and demand functions for a certain item are given by the equations p=0.1.2? + 1.6.2 + 2 p= -0.1.x2 2 + 30 where p is the unit price in dollars) and x is the number of items (in units of a thousand). Determine the equilibrium quantity and price. Make sure to input the actual number of items for the equilibrium quantity and the equilibrium price as a dollar amount (two decimal places). Equilibrium quantity = units Equilibrium price = $
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