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Solve Problems Using Systems of Linear Equations
-As the Price N=3p+780\mathrm { N } = - 3 \mathrm { p } + 780

Question 58

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=3p+780\mathrm { N } = - 3 \mathrm { p } + 780
Supply: N=2.5p\quad N = 2.5 p
where p\mathrm { 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?


A) $141.82;355\$ 141.82 ; 355
B) $1560.00;3900\$ 1560.00 ; 3900
C) $310.80;777\$ 310.80 ; 777
D) $141.82;362\$ 141.82 ; 362

Correct Answer:

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