The equilibrium price of the given demand and supply functions is p = 15*D +30 p = 100(1.5*s) + 30 Select one: O a. 2 O b. 30 Oc 225 O d. 255 O e. None of the above

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Q: The equilibrium price of the given demand and supply functions is p = 15*D+30 p = 100(1.5*s) + 30…

A: The equilibrium price is achieved when demanded quantity is equal to the quantity supplied.

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.