When sold for , a certain desktop has an annual supply of million computers and an annual demand of million computers. When the price increases to , the annual supply increases to million computers, and the demand drops to million computers.

(a) Assuming that the supply and demand equations are linear, find the supply and demand equations.

Supply Equation
Demand Equation

(Note: The equations should be in the form where denotes the price (in dollars) and denotes the quantity (in billions). The slope and -intercept should be accurate to two decimal places).

(b) Find the Equilibrium price and quantity.

Equilibrium price
Equilibrium quantity

(Note: The equilibrium price and quantity should be accurate to two decimal places, and the equilibrium price should include a dollar sign).

You can earn partial credit on this problem.