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Solve the Problem D(p)=552090pS(p)=140p\begin{array}{l}D(p)=5520-90 p \\S(p)=140 p\end{array} A) $50;3360 \$ 50 ; 3360

Question 117

Multiple Choice

Solve the problem.
-Let the demand and supply functions be represented by D(p) and S(p) , where p is the price in dollars. Find the equilibrium price and equilibrium quantity for the given functions.
D(p) =552090pS(p) =140p\begin{array}{l}D(p) =5520-90 p \\S(p) =140 p\end{array}


A) $50;3360 \$ 50 ; 3360
B) $50;1020 \$ 50 ; 1020
C) $39:2010 \$ 39: 2010
D) $24;3360 \$ 24 ; 3360

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