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Exercise V: Equilibrium (3 + 1 = 4 points) Use the functions in Exercise III and IV. Recall that p i3 the price in hundreds

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Exercise V: Equilibrium (3 + 1 = 4 points) Use the functions in Exercise III and IV. Recall that p i3 the price in hundreds of dollars. Assume that both f and g represent the monthly number of tablets produced and sold by a factory. {(a) Find the equilibrium price and quantity. Show all your work then write, in a complete sentence and using correct units, what the price and quantity are and what they mean. (b) Sketch both f and g (on the same graph) and locate the equilibrium. You can approximate

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