Write a system of equations for the problem and then solve using any method you have studied. Timjon Company produces children's cartoon watches. It has determined that the following equations describe the supply and demand curves for the watches. Demand: 
Supply: 
where 
the price of a watch. Determine the equilibrium price for these supply and demand functions.
A. equilibrium price is 
B. equilibrium price is 
C. equilibrium price is 
D. equilibrium price is 
E. equilibrium price is 
Answer: B
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