Show Para
S ( P ) =
P = 40
D ( P ) = 220 − P
The quantity of a product supplied and the quantity of the product demanded in an economic market are functions of the price of the product. The functions above are the estimated supply and demand functions for a certain product. The function S(P) gives the quantity of the product supplied to the market when the price is P dollars, and the function D(P) gives the quantity of the product demanded by the market when the price is P dollars.
Questions 37 and 38 refer to the following information.
The quantity of a product supplied and the quantity of the product demanded in an economic market are functions of the price of the product. The functions above are the estimated supply and demand functions for a certain product. The function S(P) gives the quantity of the product supplied to the market when the price is P dollars, and the function D(P) gives the quantity of the product demanded by the market when the price is P dollars.
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Question : 38
Total: 58
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