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

question 11

Multiple Choice

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

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

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