Question

<p>The supply function for a product relates the number of units x that producers are willing to supply for a given price per unit p. The supply and demand functions for a market are:<br /><br />Supply: p = 2/5x + 4<br />Demand: p = -16/25x + 30<br /><br />Determine the equilibrium point for the market.<br /><br />Answer: The market is at the equilibrium when ______ units are produced and the price per unit is $______.<br /><br />Please show your work.</p>