The price of rental units in Merritt NC is determined by marketforces. Currently

The price of rental units in Merritt NC is determined by marketforces. Currently the demand and supply schedules are asfollows:Price Qty Demanded Qty Supplied0 2000 Units 160010 1600 160020 1200 160030 800 160040 400 160050 0 1600The demand equation that corresponds to the above demand scheduleis Q= 2000-40P.(This demand schedule is not valid at prices above$50.)A. Use the demand equation to verify that the demand equation isconsistent with the demand schedule (do this for at least one pointon the demand curve.)