Solve the problem.The supply S and demand D for a certain commodity satisfy the equations S = 25 - 2p(t) + 4p'(t) and  If p(0) = 55, find the equilibrium price p at time t and the long-range equilibrium price.

A. The equilibrium price p for time t is p(t) = 10e-3t + 20. The long-range equilibrium price  is 20.
B. The equilibrium price p for time t is p(t) = 15e-2t + 40. The long-range equilibrium price  is 40.
C. The equilibrium price p for time t is p(t) = 15e-2t + 40. The long-range equilibrium price  is 15.
D. The equilibrium price p for time t is p(t) = 10e-3t + 20. The long-range equilibrium price  is 10.


Answer: B

Mathematics

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