Solved

Solve Problems Using Systems of Linear Equations
-As the Price N=4p+690\mathrm { N } = - 4 p + 690

Question 211

Multiple Choice

Solve Problems Using Systems of Linear Equations
-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=4p+690\mathrm { N } = - 4 p + 690
Supply: N=2.6pN = 2.6 \mathrm { p }
where pp is the price in dollars per television.
How many of these televisions can be sold and supplied at $120\$ 120 per television?


A) sold: 210 ; supplied: 312
B) sold: 1170 ; supplied: 312
C) sold: 210 ; supplied: 1002
D) sold: 312 ; supplied: 210

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions