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