document.write( "Question 589959: Hi: I have this word problem that I'm uncertain how to set up to solve. If someone could give me directions, I'd be grateful. Cheers! Angela \r
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\n" ); document.write( "\"daily demand for a certain item is 500/p, where p is the price of the item in dollars. The daily supply is 2p-1. At what price does supply equal demand? \r
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Algebra.Com's Answer #375033 by ankor@dixie-net.com(22740)\"\" \"About 
You can put this solution on YOUR website!
daily demand for a certain item is 500/p, where p is the price of the item in dollars. The daily supply is 2p-1.
\n" ); document.write( " At what price does supply equal demand?
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\n" ); document.write( "They asking at what p, is the supply = to the demand, therefore
\n" ); document.write( "2p - 1 = \"500%2FP\"
\n" ); document.write( "multiply both sides by p
\n" ); document.write( "2p^2 - p = 500
\n" ); document.write( "2p^2 - p - 500 = 0; a quadratic equation, use the quadratic formula
\n" ); document.write( "\"x+=+%28-b+%2B-+sqrt%28+b%5E2-4%2Aa%2Ac+%29%29%2F%282%2Aa%29+\"
\n" ); document.write( "In this problem x=p; a=2; b=-1; c=-500
\n" ); document.write( "\"p+=+%28-%28-1%29+%2B-+sqrt%28-1%5E2-4%2A2%2A-500+%29%29%2F%282%2A2%29+\"
\n" ); document.write( "\"p+=+%281+%2B-+sqrt%281+%2B+4000+%29%29%2F4+\"
\n" ); document.write( "\"p+=+%281+%2B-+sqrt%284001+%29%29%2F4+\"
\n" ); document.write( "We only care about the positive solution here
\n" ); document.write( "\"p+=+%281+%2B+63.253%29%2F4+\"
\n" ); document.write( "p = \"64.253%2F4\"
\n" ); document.write( "p = $16.06 is the price for equal supply and demand
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\n" ); document.write( "see if that checks out in each equation
\n" ); document.write( "2(16.06) - 1 = 31.12
\n" ); document.write( "\"500%2F16.06\" = 31.13, close enough
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