a paint store has 35 gallons of paint in storage, 2/5 of which are for outdoor use. the others are for indoor use. if each gallo
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the equilibrium point, is when Demand = Supply, namely, when the amount of "Q"uantity demanded by customers is the same as the Quantity supplied by vendors.
That occurs when both of these equations are equal to each other.
let's do away with the denominators, by multiplying both sides by the LCD of all fractions, in this case, 12.