The supply and demand equations for a small LCD television are given by where is the price (in dollars) and represents the number of televisions.For how many units will the quantity demanded equal the quantity supplied? What price corresponds to this value?
A) 1855 units at $463.75
B) 2230 units at $257.50
C) 1480 units at $257.50
D) 2230 units at $670.00
E) 1480 units at $670.00

Question

The supply and demand equations for a small LCD television are given by  where  is the price (in dollars) and  represents the number of televisions.For how many units will the quantity demanded equal the quantity supplied? What price corresponds to this value?
A) 1855 units at $463.75 
B) 2230 units at $257.50 
C) 1480 units at $257.50 
D) 2230 units at $670.00 
E) 1480 units at $670.00

Quizplus · Accepted Answer

The Answer of The supply and demand equations for a small LCD television are given by  where  is the price (in dollars) and  represents the number of televisions.For how many units will the quantity demanded equal the quantity supplied? What price corresponds to this value?
A) 1855 units at $463.75 
B) 2230 units at $257.50 
C) 1480 units at $257.50 
D) 2230 units at $670.00 
E) 1480 units at $670.00

The Supply and Demand Equations for a Small LCD Television