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Solve the Problem D(p) \mathrm{D}(\mathrm{p}) And S(p) \mathrm{S}(\mathrm{p}) , Where p \mathrm{p}

Question 11

Multiple Choice

Solve the problem.
-Let the demand and supply functions be represented by D(p) \mathrm{D}(\mathrm{p}) and S(p) \mathrm{S}(\mathrm{p}) , where p \mathrm{p} is the price in dollars. Find the equilibrium price and equilibrium quantity for the given functions.
D(p) =134,750250p\mathrm{D}(\mathrm{p}) =134,750-250 \mathrm{p}
S(p) =300p \mathrm{S}(\mathrm{p}) =300 \mathrm{p}


A) $245;73,500 \$ 245 ; 73,500
B) $449;22,500 \$ 449 ; 22,500
C) $50;73,500 \$ 50 ; 73,500
D) $50;122,250 \$ 50 ; 122,250

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