At what price will the quantity of the product
supplied to the market equal the quantity of the
product demanded by the market?
A) $90
B) $120
C) $133
D) $155

Product Supplied refers to any item that was sold, provided, installed, repaired, altered, treated, manufactured, or tested by the Insured while conducting business and is no longer in their possession or control, as well as the accompanying containers, packaging, and instructions.

What is product demanded?

Review the sales history. Past demand is one of the methods most frequently used to gauge present demand. Calculate the total number of units sold throughout the course of the year, and pay close attention to any seasonal patterns that may be shown by spikes or dips in the volume of product sold.

According to the given information:

S(P) = D(P)

1/2 P + 40 = 220 - P

P/2 + 40 = 220 - P

P/2 + P = 220 - 40

3P/2 = 180

3P = 180 x 2

3P = 360

P = 360/3

P = 120

Price will the quantity of the product supplied to the market equal the quantity of the product demanded by the market = $120

To know more about supply and demand visit:

https://brainly.com/question/15970652

#SPJ4

I understand that the question you are looking for is:

S(P) = 1/2 p + 40

D(P) = 220 - P

The quantity of a product supplied and the quantity of the product demanded in an economic market are functions of the price of the product. The functions above are the estimated supply and demand functions for a certain product. The function S(P) gives the quantity of the product supplied to the market when the price is P dollars, and the function D(P) gives the quantity of the product demanded by the market when the price is P dollars.

At what price will the quantity of the product supplied to the market equal the quantity of the product demanded by the market?

A) $90

B) $120

C) $133

D) $155