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Solve the Problem N=6p+730\mathrm { N } = - 6 \mathrm { p } + 730

Question 189

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=6p+730\mathrm { N } = - 6 \mathrm { p } + 730
Supply: N=2.4p\quad N = 2.4 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) $86.90;209\$ 86.90 ; 209
B) $202.78;487\$ 202.78 ; 487
C) $301.67;724\$ 301.67 ; 724
D) $86.90;230\$ 86.90 ; 230

Correct Answer:

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