Suppose the quantity demanded, q, of a product when the price is p dollars is given by the equation p = 522 - 4q, and the quantity supplied is given by the equation p = 2q. Find the equilibrium
price and quantity.
Equilibrium quantity:
items
Equilibrium price: $
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(05.03 mc) part a: explain why the x-coordinates of the points where the graphs of the equations y = 4x and y = 2x−2 intersect are the solutions of the equation 4x = 2x−2. (4 points) part b: make tables to find the solution to 4x = 2x−2. take the integer values of x between −3 and 3. (4 points) part c: how can you solve the equation 4x = 2x−2 graphically? (2 points)