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Assume That the Rate of Change of the Unit Price

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Assume that the rate of change of the unit price of a commodity is proportional to the difference between the demand and the supply so that Assume that the rate of change of the unit price of a commodity is proportional to the difference between the demand and the supply so that   ​ where k is a constant of proportionality. Suppose that D=74-5p, S=2+3p, and p(0)=2. Find a formula for p(t). ​ where k is a constant of proportionality. Suppose that D=74-5p, S=2+3p, and p(0)=2. Find a formula for p(t).

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