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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document.write( "Problem:
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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)![]() ![]() 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? \n" ); document.write( ": \n" ); document.write( "They asking at what p, is the supply = to the demand, therefore \n" ); document.write( "2p - 1 = \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( " \n" ); document.write( "In this problem x=p; a=2; b=-1; c=-500 \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "We only care about the positive solution here \n" ); document.write( " \n" ); document.write( "p = \n" ); document.write( "p = $16.06 is the price for equal supply and demand \n" ); document.write( ": \n" ); document.write( ": \n" ); document.write( "see if that checks out in each equation \n" ); document.write( "2(16.06) - 1 = 31.12 \n" ); document.write( " \n" ); document.write( " \r \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |