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) = 4800 - 40pS(p) = 160p
A. $30; 3600
B. $24; 3840
C. $120; 0
D. $120; 3840
Answer: B
Mathematics
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