At a price of $4.00 per 16 oz. bottle of water, there is a demand for 8 thousand 16 oz. bottles and a supply of 40 thousand bottles at a local university football game. If the price decreases to $1.75 per bottle, the demand increases to 26 thousand bottles and the supply decreases by 30 thousand bottles at the same local university football game. We can find demand to be p(x) = 1 8000 x 5 = 0.000125x 5 and supply to be p(x) = 3 40000 x 1 = 0.000075x 1. Determine the equilibrium point for the water bottle market and explain the meaning of the values in the context of the