SOLUTION: Find the equilibrium point for the demand and supply functions D9p)=64-4p and S(p)=32 + 4p.

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Question 515518: Find the equilibrium point for the demand and supply functions D9p)=64-4p and S(p)=32 + 4p.
Answer by stanbon(75887) About Me  (Show Source):
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Find the equilibrium point for the demand and supply functions
D(p)=64-4p and S(p)=32 + 4p.
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Solve D(p) = S(p)
64-4p = 32 + 4p
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8p = 32
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p = 4
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Cheers,
Stan H.