The daily demand for beef can be modeled by where the price for beef is p dollars per pound. Like-wise, the supply for beef can be modeled by where the price for beef is p dollars per pound. Find the point of market equilibrium. Round your answer to two decimal places.
A) $16.49 per pound, 23.65 million pounds
B) $23.65 per pound, 16.49 million pounds
C) $16.49 per pound, 1093.27 million pounds
D) $1093.27 per pound, 16.49 million pounds
E) $3.33 per pound, 1093.27 million pounds

Question

The daily demand for beef can be modeled by  where the price for beef is p dollars per pound. Like-wise, the supply for beef can be modeled by  where the price for beef is p dollars per pound. Find the point of market equilibrium. Round your answer to two decimal places.
A) $16.49 per pound, 23.65 million pounds 
B) $23.65 per pound, 16.49 million pounds 
C) $16.49 per pound, 1093.27 million pounds 
D) $1093.27 per pound, 16.49 million pounds 
E) $3.33 per pound, 1093.27 million pounds

Quizplus · Accepted Answer

The Answer of The daily demand for beef can be modeled by  where the price for beef is p dollars per pound. Like-wise, the supply for beef can be modeled by  where the price for beef is p dollars per pound. Find the point of market equilibrium. Round your answer to two decimal places.
A) $16.49 per pound, 23.65 million pounds 
B) $23.65 per pound, 16.49 million pounds 
C) $16.49 per pound, 1093.27 million pounds 
D) $1093.27 per pound, 16.49 million pounds 
E) $3.33 per pound, 1093.27 million pounds

The Daily Demand for Beef Can Be Modeled by