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SAT Exam  >  SAT Questions  >  Question refer to the following information.S... Start Learning for Free
Question refer to the following information.
S(P) = 1/2 P + 40
D(P) = 220 - P
The quantity of a product supplied and the quantity of the product demanded in an economic market are functions of the price of the product. The functions above are the estimated supply and demand functions for a certain product. The function S(P) gives the quantity of the product supplied to the market when the price is P dollars, and the function D(P) gives the quantity of the product demanded by the market when the price is P dollars.
Q. At what price will the quantity of the product supplied to the market equal the quantity of the product demanded by the market?
  • a)
    $90
  • b)
    $120
  • c)
    $133
  • d)
    $155
Correct answer is option 'B'. Can you explain this answer?
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Most Upvoted Answer
Question refer to the following information.S(P) = 1/2 P + 40D(P) = 22...
Choice B is correct. The quantity of the product supplied to the market will equal the quantity of the product demanded by the market if S(P) is equal to D(P), that is, if  1/2 P + 40 = 220 − P. Solving this equation gives P = 120, and so $120 is the price at which the quantity of the product supplied will equal the quantity of the product demanded.
Choices A, C, and D are incorrect. At these dollar amounts, the quantities given by S(P) and D(P) are not equal.
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Question refer to the following information.S(P) = 1/2 P + 40D(P) = 220 - PThe quantity of a product supplied and the quantity of the product demanded in an economic market are functions of the price of the product. The functions above are the estimated supply and demand functions for a certain product. The function S(P) gives the quantity of the product supplied to the market when the price is P dollars, and the function D(P) gives the quantity of the product demanded by the market when the price is P dollars.Q. At what price will the quantity of the product supplied to the market equal the quantity of the product demanded by the market?a)$90b)$120c)$133d)$155Correct answer is option 'B'. Can you explain this answer?
Question Description
Question refer to the following information.S(P) = 1/2 P + 40D(P) = 220 - PThe quantity of a product supplied and the quantity of the product demanded in an economic market are functions of the price of the product. The functions above are the estimated supply and demand functions for a certain product. The function S(P) gives the quantity of the product supplied to the market when the price is P dollars, and the function D(P) gives the quantity of the product demanded by the market when the price is P dollars.Q. At what price will the quantity of the product supplied to the market equal the quantity of the product demanded by the market?a)$90b)$120c)$133d)$155Correct answer is option 'B'. Can you explain this answer? for SAT 2025 is part of SAT preparation. The Question and answers have been prepared according to the SAT exam syllabus. Information about Question refer to the following information.S(P) = 1/2 P + 40D(P) = 220 - PThe quantity of a product supplied and the quantity of the product demanded in an economic market are functions of the price of the product. The functions above are the estimated supply and demand functions for a certain product. The function S(P) gives the quantity of the product supplied to the market when the price is P dollars, and the function D(P) gives the quantity of the product demanded by the market when the price is P dollars.Q. At what price will the quantity of the product supplied to the market equal the quantity of the product demanded by the market?a)$90b)$120c)$133d)$155Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for SAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Question refer to the following information.S(P) = 1/2 P + 40D(P) = 220 - PThe quantity of a product supplied and the quantity of the product demanded in an economic market are functions of the price of the product. The functions above are the estimated supply and demand functions for a certain product. The function S(P) gives the quantity of the product supplied to the market when the price is P dollars, and the function D(P) gives the quantity of the product demanded by the market when the price is P dollars.Q. At what price will the quantity of the product supplied to the market equal the quantity of the product demanded by the market?a)$90b)$120c)$133d)$155Correct answer is option 'B'. Can you explain this answer?.
Solutions for Question refer to the following information.S(P) = 1/2 P + 40D(P) = 220 - PThe quantity of a product supplied and the quantity of the product demanded in an economic market are functions of the price of the product. The functions above are the estimated supply and demand functions for a certain product. The function S(P) gives the quantity of the product supplied to the market when the price is P dollars, and the function D(P) gives the quantity of the product demanded by the market when the price is P dollars.Q. At what price will the quantity of the product supplied to the market equal the quantity of the product demanded by the market?a)$90b)$120c)$133d)$155Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for SAT. Download more important topics, notes, lectures and mock test series for SAT Exam by signing up for free.
Here you can find the meaning of Question refer to the following information.S(P) = 1/2 P + 40D(P) = 220 - PThe quantity of a product supplied and the quantity of the product demanded in an economic market are functions of the price of the product. The functions above are the estimated supply and demand functions for a certain product. The function S(P) gives the quantity of the product supplied to the market when the price is P dollars, and the function D(P) gives the quantity of the product demanded by the market when the price is P dollars.Q. At what price will the quantity of the product supplied to the market equal the quantity of the product demanded by the market?a)$90b)$120c)$133d)$155Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Question refer to the following information.S(P) = 1/2 P + 40D(P) = 220 - PThe quantity of a product supplied and the quantity of the product demanded in an economic market are functions of the price of the product. The functions above are the estimated supply and demand functions for a certain product. The function S(P) gives the quantity of the product supplied to the market when the price is P dollars, and the function D(P) gives the quantity of the product demanded by the market when the price is P dollars.Q. At what price will the quantity of the product supplied to the market equal the quantity of the product demanded by the market?a)$90b)$120c)$133d)$155Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Question refer to the following information.S(P) = 1/2 P + 40D(P) = 220 - PThe quantity of a product supplied and the quantity of the product demanded in an economic market are functions of the price of the product. The functions above are the estimated supply and demand functions for a certain product. The function S(P) gives the quantity of the product supplied to the market when the price is P dollars, and the function D(P) gives the quantity of the product demanded by the market when the price is P dollars.Q. At what price will the quantity of the product supplied to the market equal the quantity of the product demanded by the market?a)$90b)$120c)$133d)$155Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of Question refer to the following information.S(P) = 1/2 P + 40D(P) = 220 - PThe quantity of a product supplied and the quantity of the product demanded in an economic market are functions of the price of the product. The functions above are the estimated supply and demand functions for a certain product. The function S(P) gives the quantity of the product supplied to the market when the price is P dollars, and the function D(P) gives the quantity of the product demanded by the market when the price is P dollars.Q. At what price will the quantity of the product supplied to the market equal the quantity of the product demanded by the market?a)$90b)$120c)$133d)$155Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Question refer to the following information.S(P) = 1/2 P + 40D(P) = 220 - PThe quantity of a product supplied and the quantity of the product demanded in an economic market are functions of the price of the product. The functions above are the estimated supply and demand functions for a certain product. The function S(P) gives the quantity of the product supplied to the market when the price is P dollars, and the function D(P) gives the quantity of the product demanded by the market when the price is P dollars.Q. At what price will the quantity of the product supplied to the market equal the quantity of the product demanded by the market?a)$90b)$120c)$133d)$155Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice SAT tests.
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