the demand equation for GPS Navigator is p=(-1/4)x+200 where x us the quantity demanded per week and P is the wholesale unite price in dollars. the supply equation is P= (1/20)x+20 where X is the quantity the supplier will make avaulable in the market when the wholesale price is p dollars each. Find the equilibrium quantity and price for GPS Navigator. pleace explain to me how can i solve this problem

Question

jack1 · Answer

option 1: graph each, see where the lines cross

jack1 · Answer

option 2: rearrange the 2 equations in terms of x, find out at which quantity 
supply equation = demand equation

jack1 · Answer

...does that make sense @Sultan11x ?
like are you ok to do that?

anonymous · Answer

I'm still confused can you please explain more, Thank you

yttrium · Answer

I think you just need to find the value of x here.
You have two equations for p, so what you need to do is P=P and then solve for x. Do you get what I want to say? @Sultan11x