(Solved): Supply \& Demand In supply (and demand) problems, \( y \) is the number of items the supplier will ...

Supply \& Demand In supply (and demand) problems, \( y \) is the number of items the supplier will produce (or the public will buy) if the price of the item is \( x \). For a particular product, the supply equation is \[ y=10 x+400 \] and the demand equation is \[ y=-3 x+829 \] What is the intersection point of these two lines? Enter answer as an ordered pair (don't forget the parentheses). What is the selling price when supply and demand are in equilibrium? price \( =\$ \quad / \) item What is the amount of items in the market when supply and demand are in equilibrium? number of items = Question Help: A car rental company offers two plans for renting a car: Plan A: 30 dollars per day and 13 cents per mile Plan B: 50 dollars per day with free unlimited mileage For what range of miles will plan B save you money for a 1 day rental? To save money the mileage must be greater than miles per day. Give your answer accurate to at least one decimal place Question Help: \( \quad \) Video