Solve the Problem. -Suppose That the Quantity Supplied S and Quantity Demanded D

question 190

Multiple Choice

Solve the problem.
-Suppose that the quantity supplied S and quantity demanded D of baseball caps at a major league game are given by the functions S(p) = 3230 - 90p and D(p) = 100p, where p is the price. Find the equilibrium price for
Caps at the game. Then find the equilibrium quantity.

• A) $32, $350
• B) $10, $2330
• C) $17, $1700
• D) $10, $1700

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