The supply and demand functions for ACMEs Exploding Bird See

The supply and demand functions for ACME\'s Exploding Bird Seed are given by: Where p is price and x is the number of bags of seed rind the equilibrium point. Show all units in your final answer.

Solution

At equlibrium

demand = supply

7.8 - 0.06x= 5+0.04x

Subtract 7.8 from both sides

-0.06 x = -2.8 +0.04x

Subtract 0.04x from both sides

-0.1 x = -2.8

Divide both sides by -0.1

x=28