1. Tudor's Televisions finds that if they charge 200 dollars for their basic TV, they will sell 50 TVs. If they charge 250 dollars, they will only sell 40 TVs. (a) Use this data to form a linear demand equation of the form p= mq+b, with p being the price charged and q being the number of items. (b) They corresponding supply equation is given by p = q. Find the equilibrium price and quantity. Note which is the price and which is the quantity.

Q: How do you find part b I am confused?

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Q: find c and d.

A: c)The given function is,

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