QuestionSupply \& Demand In supply (and demand) problems, $y$ is the number of items the supplier will produce (or the public will buy) if the price of the item is $x$.
For a particular product, the supply equation is and the demand equation is $$\begin{array}{c} y=5 x+595 \\ y=-2 x+812 \end{array}$$
What is the intersection point of these two lines? $\square$ Enter answer as an ordered pair (don't forget the parentheses). What is the selling price when supply and demand are in equilibrium? price = \$$\square$ /item
What is the amount of items in the market when supply and demand are in equilibrium? number of items = $\square$