Question

Given the supply and demand functions below, find the demand when p = $12.

Answer 1

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

Answer 2

S(p)= 5(12)= $60
D(p)= 120-4(12)= $72