Try another version of these questions Box 1: Enter your answer by drawing on the graph. Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172
The graph below shows the supply and demand curves for refrigerators. Show the equilibrium by clicking on the graph to place a dot at the place where the equilibrium point is.
Clear All Draw: Dot
Hint
Here are the equations for the demand and supply curves:
Demand curve: `Qd=4200-2 P`
Supply curve: `Qs=700+5 P`
Compute the equilibrium price value: Hint
Enter DNE for Does Not Exist, oo for Infinity 500