supply & demand\nwhat is the equilibrium or market price for tvs?\nwhat is the equilibrium quantity for tvs?

Explanation:

Step1: Identify equilibrium point

The equilibrium point is where the supply and demand curves intersect on the graph.

Step2: Read price at equilibrium

Looking at the intersection point on the price - axis, the equilibrium price is $600.

Step3: Read quantity at equilibrium

Looking at the intersection point on the quantity - axis, the equilibrium quantity is 3000.

Answer:

Equilibrium price: $600 Equilibrium quantity: 3000