Suppose that the demand and supply for artificial Christmas trees and the number of trees that will be sold/bought at this price. given by the functions below where p is the price of a tree in dollars and q is the quantity of trees that are demanded/supplied in hundreds. Find the price that gives the market equilibrium price p= 110.70 - 0.30q (demand function) p= 0.01q? + 4.79 (supply function) Select the correct choice below and, if necessary, fill in the answer boxes to complete your choice. O A. The equilibrium price of $ gives a demand that is equal to a supply of hundred trees. (Simplify your answer. Type integers simplified fractions.) O B. The equilibrium price does not exist.

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