Let p=-.1x+2 be the demand equation. let p=-.2x+1 be a supply equation. Find the equilibrium point. The answer is x=10/3, p=5/3 I just don't know how to get the answers.

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- Dec 9th 2007, 02:24 PMredraider717Equilibrium Point Question
Let p=-.1x+2 be the demand equation. let p=-.2x+1 be a supply equation. Find the equilibrium point. The answer is x=10/3, p=5/3 I just don't know how to get the answers.