Given the Supply and Demand Functions Below, Find the Price $145 .$

question 14

Multiple Choice

Given the supply and demand functions below, find the price when the demand is $145 .$
$S(p) =9 p+12$
$D(p) =280-9 p$

• A) \( \$ 15 \)
• B) \( \$ 47 \)
• C) \( \$ 292 \)
• D) \( \$ 1317 \)

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Definitions:

Manufacture

The process of producing goods through the use of machinery, tools, and labor, often on a large scale.

Productivity Growth

An increase in the efficiency of production, often measured by the ratio of output to inputs over a specific period.

U.S. Economy

The economic system of the United States, characterized by a mixed economy that includes private enterprise alongside limited government intervention.

Labor Productivity

A measure of economic performance that compares the amount of goods and services produced (output) with the number of hours worked.