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The supply function and demand function for the sale of a certain type of DVD player are given by S(p) = 140e 0.004 p and
The supply function and demand function for the sale of a certain type of DVD player are given by S(p) = 140e 0.004 p and D(p) = 448e -0.002 p ,whereS(p) is the number of DVD players that the company is willing to sell at price p andD(p) is the quantity that the public is willing to buy at price p. Find p such that D(p) = S(p). This is called the equilibrium price.
The equilibrium price is about $????
(Do not round until the final answer. Then round to two decimal places asneeded.)
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