Solve the problem.
-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. The weekly supply and demand models for a certain type of television are as follows:
Demand:
Supply:
where is the price in dollars per television.
How many of these televisions can be sold and supplied at per television?
A) sold: 1380; supplied: 260
B) sold: 260; supplied: 180
C) sold: 180 ; supplied: 260
D) sold: 180; supplied: 1040
Correct Answer:
Verified
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