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.D(p) = 117,250 - 240pS(p) = 430p
A. $175; 75,250
B. $272; 51,970
C. $190; 71,650
D. $190; 75,250
Answer: A
Mathematics
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Mathematics