Let the Demand and Supply Functions Be Represented by D(p)and $\begin{array}{l}\mathrm{D}(\mathrm{p})=5760-50 \mathrm{p} \\\mathrm{S}(\mathrm{p})=250 \mathrm{p}-1440\end{array}$

question 57

Multiple Choice

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.
$\begin{array}{l}\mathrm{D}(\mathrm{p}) =5760-50 \mathrm{p} \\\mathrm{S}(\mathrm{p}) =250 \mathrm{p}-1440\end{array}$

• A) \( \$ 28 ; 4360 \)
• B) \( \$ 36 ; 3960 \)
• C) \( \$ 28 ; 4560 \)
• D) \( \$ 24 ; 4560 \)

---

Definitions:

Equity Method Investments

An accounting technique used to assess the profits earned through an investment in another company, incorporating these profits into the investing company's income statements.

Fair Value Option

Allows companies the choice to measure financial instruments at their fair values, with changes reflected in earnings.

Temporal Method

An accounting technique used to convert the financial statements of a subsidiary into the parent company's currency by using the exchange rates in effect at the time the assets and liabilities were acquired.

Translation Exchange Rates

Rates used to convert the financial statements of a foreign subsidiary to the reporting currency of the parent company.