A Manufacturer Has Found That the Daily Demand for a Certain

Multiple Choice

A manufacturer has found that the daily demand for a certain item is $\frac{500}{p}$ , where $p$ is the price of the item in dollars. The daily supply is $3 p-1$ . At what price does supply equal demand? Round your answer to the nearest cent.

A) $\$ 13.08$
B) $\$ 78.47$
C) $\$ 7.46$
D) $\$ 26.82$