Supply and Demand Suppose that the quantity supplied Sand the quantity demanded D of T-shirts at a concert aregiven by the following functions:S1p2 = - 600 + 50pD1p2 = 1200 - 25pwhere p is the price of a T-shirt.(a) Find the equilibrium price for T-shirts at this concert.What is the equilibrium quantity?(b) Determine the prices for which quantity demanded isgreater than quantity supplied.(c) What do you think will eventually happen to the priceof T-shirts if quantity demanded is greater than quantitysupplied?

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Differential Equations

Have you ever observed the movement of the satellites and rockets or how the planets go around the sun in their orbits? How will you determine their motion? Definitely they follow some scientific laws and these kinds of problems are framed as differential equations.