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

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.
$\begin{array}{l}D(p) =5520-90 p \\S(p) =140 p\end{array}$

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

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