Respuesta :

hadooula7

Answer:

S(p)=$60

D(p)=$72

Step-by-step explanation:

S(p)=5(12)

S(p)=60

D(p)=120-4(12)

D(p)=120-48

D(p)=72

Lanuel

From the supply and demand functions below, the demand at the given price is 72.

Given the following data:

  • Supply, S(p) = 5p
  • Demand, D(p) = 120 - 4p​
  • Price, P = $12.

To determine the demand at the given price:

First of all, we would calculate the quantity of supply by substituting the value of price (P).

For supply:

[tex]S(p) = 5p\\\\S(p) = 5(12)[/tex]

S(p) = 60

For demand:

[tex]D(p) = 120 - 4p\\\\D(p) = 120 - 4(12)\\\\D(p) = 120 - 48[/tex]

D(p) = 72

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