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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Definitions:

OTC

Over-The-Counter; referring to medicines that can be bought without a prescription.

Gastrointestinal

Relating to the stomach and intestines, encompassing the entire digestive tract.

Chemical Unit

A basic measurement of a substance used in chemistry that defines what amount of it is present.

Matter

The substance or substances of which any physical object consists or is composed, existing in solid, liquid, or gas states.