How to Calculate Equilibrium Price with Given Information?

[kaz]

I do not understand how to calculate the equilibrium price of an object. Say i have the following information how would i set up the information to solve for the price?

Price of (Insert the name of your good or service) Quantity Demanded Quantity Supplied (in this order.)

\$7.99, 35, 21
\$15.00, 27, 27
\$34.99, 15, 43

Please help i need to finish a project for school.

 

[joypav]

This is more of a concept question. You don't really need to do any calculations.

The equilibrium price occurs when your supply and demand curve intersect, meaning, when supply=demand.

So your equilibrium price is $15.00, because you have supply=27 and demand=27, so supply=demand.