The supply and demand functions, S(x) and D(x), respectively, for a certain commodity are given in terms of the level of production x. S(x) = 2x + 30, D(x) = 360 - x. Find the value of x_e for which equilibrium occurs.

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The Answer of The supply and demand functions, S(x) and D(x), respectively, for a certain commodity are given in terms of the level of production x. S(x) = 2x + 30, D(x) = 360 - x. Find the value of x_e for which equilibrium occurs.

The Supply and Demand Functions, S(x) and D(x), Respectively, for a Certain