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In Economics, Total Quantity Sold Is the Product of the Price

Question 52

Multiple Choice

In economics, total quantity sold is the product of the price and the demand. Find the total quantity, Q.  Price =4x+12 Demand =600x2+3x\text { Price } = 4 x + 12 \quad \text { Demand } = \frac { 600 } { x ^ { 2 } + 3 x } Assume there are no zero denominators.


A) Q=600xQ = \frac { 600 } { x }
B) Q=x2,400Q = \frac { x } { 2,400 }
C) Q=2,400xQ = \frac { 2,400 } { x }
D) Q=x+32,400Q = \frac { x + 3 } { 2,400 }
E) Q=2,400x+4Q = \frac { 2,400 } { x + 4 }

Correct Answer:

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