An important application of systems of equations arises in connection with supply and demand. 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. Exercises 97–98 involve supply and demand. 97. A chain of electronics stores sells hand-held color televisions. The weekly demand and supply models are given as follows: Number sold Demand model per week N = -5p + 750 Price of television Number supplied to the chain per week N = 2.5p. 1apow hjddns a. How many hand-held color televisions can be sold and supplied at $120 per television? b. Find the price at which supply and demand are equal. At this price, how many televisions can be supplied and sold each week?
An important application of systems of equations arises in connection with supply and demand. 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. Exercises 97–98 involve supply and demand. 97. A chain of electronics stores sells hand-held color televisions. The weekly demand and supply models are given as follows: Number sold Demand model per week N = -5p + 750 Price of television Number supplied to the chain per week N = 2.5p. 1apow hjddns a. How many hand-held color televisions can be sold and supplied at $120 per television? b. Find the price at which supply and demand are equal. At this price, how many televisions can be supplied and sold each week?
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.3: The Natural Exponential Function
Problem 42E
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