2. The Supply and Demand for a particular model of personal digital assistant are related to price 70 + 2.x by the equations: respectively, where y is the price, in dollars, and a is the 175 – 5x number of units, in thousands. Find the equilbrium point for the product (i.e. the intercetion)

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A: We will answer the first question as we don't answer multiple questions at a time. Please resubmit…