Multiple Choice
Solve the problem.
-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:
Supply:
where 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?
A)
B)
C)
D)
Correct Answer:

Verified
Correct Answer:
Verified
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