Problema Solution

At a price of p dollars per ticket, the number of tickets to a rock concert that can be sold is given by the demand model N= -16p + 7300. At a price of p dollars per ticket, the number of tickets that the concets promoters are willing to make available is given by the supply model N=14p +6100.

a. How many tickets can be sold and supplied for $35. per ticket?

b. Find the ticket price at which supply and demand are equal. At this price, how many tickets will be suppplied and sold?

a. At $35 per ticket____tickets can be sold.

At $35 per ticket,____tickets can be supplied.

b.When supply and demand are equal, the ticket price is $____per ticket.

When supply and demand are equal,_____tickets are sold and supplied.

Answer provided by our tutors

a.  7340 can be sold and 6590 can be supplied

b. $40

at $40   6660 tickets can be sold and supplied