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The Table Below Gives the Quantity of a Product Demanded

Question 71

Multiple Choice

The table below gives the quantity of a product demanded and the quantity supplied for various prices. Solve the
problem.
-Find the linear equation that gives the price as a function of the quantity supplied.  Price (dollars)   Quantity Demanded  Quantity Supplied 100700012066080140620160160580240180540320\begin{array}{l|l|l}\text { Price (dollars) } & \text { Quantity Demanded } & \text { Quantity Supplied } \\\hline 100 & 700 & 0 \\120 & 660 & 80 \\140 & 620 & 160 \\160 & 580 & 240 \\180 & 540 & 320\end{array}


A) p=4q+100p = 4 q + 100
B) p=12q+450\mathrm { p } = - \frac { 1 } { 2 } \mathrm { q } + 450
C) p=12q+100p = \frac { 1 } { 2 } q + 100
D) p=14q+100p = \frac { 1 } { 4 } q + 100

Correct Answer:

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