The Supply and Demand Equations for a Small LCD Television $\left\{ \begin{array} { l l } p + 0.6 x = 1436 & \text { Demand } \\p - 0.2 x = 300 & \text { Supply }\end{array} \right.$

question 91

Multiple Choice

The supply and demand equations for a small LCD television are given by $\left\{ \begin{array} { l l } p + 0.6 x = 1436 & \text { Demand } \\p - 0.2 x = 300 & \text { Supply }\end{array} \right.$ where $p$ is the price (in dollars) and $x$ represents the number of televisions. For how many units will the quantity demanded equal the quantity supplied? What price corresponds to this value?

• A)1795 units at $359.00
• B)2170 units at $134.00
• C)1420 units at $134.00
• D)2170 units at $584.00
• E)1420 units at $584.00

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