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Solve the Problem N=3p+780\mathrm { N } = - 3 \mathrm { p } + 780

Question 159

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: N=3p+780\mathrm { N } = - 3 \mathrm { p } + 780
Supply: N=2.6p\quad N = 2.6 p
where pp is the price in dollars per television.
How many of these televisions can be sold and supplied at $100\$ 100 per television?


A) sold: 480; supplied: 260
B) sold: 1080; supplied: 260
C) sold: 480 ; supplied: 1040
D) sold: 260; supplied: 480

Correct Answer:

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