Price

p = 10q²+2q
(supply).

p = 150 - 6q2
(demand).

Quantity
(in hundreds of units)

Above is a graph of a supply and demand curve.

1. Find the Equilibrium point from the graph. Clearly mention the equilibrium quantity and equilibrium
price.

2. Show algebraic work to find equilibrium point to
support your answer that you found from the graph.