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The Supply and Demand Equations for a Small LCD Television {p+0.6x=1436 Demand p0.2x=300 Supply \left\{ \begin{array} { l l } p + 0.6 x = 1436 & \text { Demand } \\p - 0.2 x = 300 & \text { Supply }\end{array} \right.

Question 91

Multiple Choice

The supply and demand equations for a small LCD television are given by {p+0.6x=1436 Demand p0.2x=300 Supply \left\{ \begin{array} { l l } p + 0.6 x = 1436 & \text { Demand } \\p - 0.2 x = 300 & \text { Supply }\end{array} \right. where pp is the price (in dollars) and xx represents the number of televisions. For how many units will the quantity demanded equal the quantity supplied? What price corresponds to this value?


A) 1795 units at $359.00
B) 2170 units at $134.00
C) 1420 units at $134.00
D) 2170 units at $584.00
E) 1420 units at $584.00

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