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As the price of a product increases, the demand for that product decreases. ...

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As the price of a product increases, the demand for that product decreases. ...

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As the price of a product increases, the demand for that product decreases. However, at higher prices, suppliers are willing to produce greater quantities of the product. The weekly supply and demand models for a certain type of television are as follows:

Demand:

N = -6p + 730

Supply:

N = 2.4p

where p is the price in dollars per television.
Find the price at which supply and demand are equal. At this price, how many televisions can be supplied and sold each week?

▸ $301.67; 724

▸ $86.90; 230

▸ $86.90; 209

▸ $202.78; 487

Textbook

College Algebra

Edition: 7^th

Author: Blitzer

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efarrar200

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More solutions for this book are available here

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mrab-- Author

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3 years ago

Correct

ezsancheezy

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Helped a lot

Natalie Price

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2 hours ago

Thank you, thank you, thank you!

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