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Question: the demand equation for the cold spot compact refrigerator is...

Question details

The demand equation for the Cold Spot compact refrigerator is 2x + 8p − 2200 = 0, where x is the quantity demanded each week and p is the unit price in dollars. The supply equation for these refrigerators is 3x − 59p + 3800 = 0, where x is the quantity the supplier will make available in the market when the wholesale price is p dollars each. Find the equilibrium quantity and the equilibrium price for the Cold Spot compact refrigerators.

equilibrium quantity     units
equilibrium price     $
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