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 and Trigonometry (6th Edition)

6th Edition

ISBN:9780134463216

Author:Robert F. Blitzer

Publisher:Robert F. Blitzer

ChapterP: Prerequisites: Fundamental Concepts Of Algebra

Section: Chapter Questions

Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...

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