Solve the problem.Let the supply and demand functions for raspberry-flavored licorice be given by p = S(q) = 
q and p = D(q) = 60 - 
q ,where p is the price in dollars and q is the number of batches. Graph these functions on the same axes (graph the supply function as a dashed line and the demand function as a solid line). Also, find the equilibrium quantity and the equilibrium price.
A. 
Equilibrium quantity: 24
Equilibrium price: $30.00
B. 
Equilibrium quantity: 30
Equilibrium price: $37.50
C. 
Equilibrium quantity: 37.50
Equilibrium price: $30
D. 
Equilibrium quantity: 30.00
Equilibrium price: $24
Answer: A
You might also like to view...
Find the slope of the line going through the given pair of points.(-9, -9) and (1, -9)
A. 0 B. -6 C. 3 D. 2
Find the slope of the line. 
A. - 2
B. 
C. 2
D. - 
Determine whether or not the function is one-to-one.{(-5, -1), (15, -1), (1, 4)}
A. Yes B. No
Provide an appropriate response.The following graph represents the speed of a truck as a function of time.
a.What is the speed of the truck at 12 seconds? b. Identify and interpret the intercepts.
A. a. 40 mph b. (0, 0); (32, 0) At 0 and 32 seconds, the speed is 0 mph. B. a. 40 mph. b. (8, 40); (24, 40) At 8 and 24 seconds, the speed is 40 mph. C. a. 40 mph b. (0, 0) At 0 seconds, the speed is 0 mph. D. a. 30 mph b. (0, 0); (32, 0) At 0 and 32 seconds, the speed is 0 mph.