Suppose the supply and demand for a certain DVD are given by p=1/6 q2 and p = -1/6q2+44, respectively, where p is price and q is

Question

Suppose the supply and demand for a certain DVD are given by p=1/6 q2 and p = -1/6q2+44, respectively, where p is price and q is quantity. Find the equilibrium price.
A. $26
B. The supply and demand curves do not intersect.
C. $24
D. $21
E. $22

Kunduz · Accepted Answer

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