Emily M.

asked • 03/20/23

I need help with this problem I solved the last 2 questions but I am not sure how to do the first question.

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. Suppose a chain of electronics stores sells hand-held color televisions. The weekly demand and supply models are given as follows


Demand Model: N=-6p+2520

Supply Model: N=2.4p


where N is the number of televisions sold each week and at price p. (Note: Answer with the appropriate units.)\


a) How many hand-held color televisions can be sold at $ 320 per television?


1 Expert Answer

By:

Still looking for help? Get the right answer, fast.

Ask a question for free

Get a free answer to a quick problem.
Most questions answered within 4 hours.

OR

Find an Online Tutor Now

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.