Question

in general, as the unit price of a commodity increases, the demand for that commodity decreases. also, as a commodity’s unit price increases, the manufacturer normally increases the supply. the point where supply is equal to demand is called the equilibrium point. find the number of dvds and the price per dvd when supply equals demand.
the graph below shows the demand and supply equations for previously rented dvds.
(there is a chart with cost of a previously rented dvd ($) on the x - axis (ranging from 8 to 22) and number of dvds (in thousands) on the y - axis (ranging from 0 to 8), with supply (blue line) and demand (red line) curves and an equilibrium point marked.)
the number of dvds is \\(\square\\).

Explanation:

Step1: Locate equilibrium point

Identify intersection of supply/demand lines on the graph. The equilibrium point aligns with 6 on the vertical axis (Number of DVDs in thousands).

Step2: Convert to actual number

Multiply the axis value by 1000: $6 \times 1000 = 6000$

Answer:

6000