Question: answer part b. Suppose that the quantity supplied 8 and quantity demanded D of T-shirts at a '6 concert are given by the following functions

answer part b.

Suppose that the quantity supplied 8 and quantity demanded D of T-shirts at a '6 concert are given by the following functions where p is the price. I S(p)= -200+40p D(p=) 1150- 50p Answer parts (a) through (c). -'~ g o . (a) Find the equilibrium price for the Tshirts at this concert. The equilibrium price is $ 15 (Round to the nearest dollar as needed.) What is the equilibrium quantity? The equilibrium quantity is 400 Tshirts. (Type a whole number.) (b) Determine the prices for which quantity demanded is greater than quantity supplied. For the priCe $-p -$|:|, the quantity demanded is greater than quantity supplied

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