Question

Below are the supply and demand equations for umbrellas in a certain market. In these equations, p represents price, D

represents demand, and S represents supply.

D-p+22

S = 3p – 36

What is p at the point of equilibrium, to the nearest tenth?

a. 19.3

b. 16.5

C. 13.4

d. 12.0

Please select the best answer from the choices provided

СА

Answer 1

Answer:

Step-by-step explanation:

D-p+22

D = p - 22

S= 3p-36

To find p at point of equilibrium

Demand = supply

I.e p - 22 = 3p - 36

P - 3p = -36 + 22

-2p = -14

P = -14/-2

P = 7

Answer 2

Answer:D i tooked the test

Step-by-step explanation: