The supply curve for a product is y = 300x 9000, and the demand curve is y = 100x 14000, where x represents the price and y the number of items. At what price will the supply equal demand, and how many items will be produced at that price? y = 300x 9000 = 100x 14000 Means that Equilibrium Price (X= 12.5) and Quantity Supplied and Demanded is 12,750 y = 300x 9000 = 100x 14000 Means that Equilibrium Price (X= $35) and Quantity Supplied and Demanded is 12,750 y = 300x 9000 = 100x 14000 Means that Equilibrium Price (X= 18) and Quantity Supplied and Demanded is 14,400 There is no equilibrium Price or Quantity