Mathematics: Suppose that the quantity supplied s and the quantity demanded d of hot dogs at a baseball game are given by the following functions s(p)=-5,000+2000p d(p)=15,000-3,000p where p is the price of a hot dog in dollars. the equilibrium price of a market is defined as the price at which quantity supplied equals quantity demanded (s=d) what is the equilibrium price, quantity, and the prices for if the quantity demanded is higher than the quantity supplied ?

Suppose that the quantity supplied s and the quantity

dndndndnxmnc

03.01.2022

1)for equilibrium price, S(p)=D(p)

5000+2000p=15000-3000p

2000p+3000p=15000-5000

5000p=10000

p=2.

2)For demand is higher than supply, D(p)>S(p)

15000-3000p > 5000+2000p

10000 > 5000p

2>p.

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jbrooks4091

23.12.2021

when adding 3

6+3=9

when subtracting 2

9-2=7

7,8,9,10,11,12,13,

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