At a price of p dollars per ticket, the number of tickets to a rock concert that can be
Chapter 3, Problem 98(choose chapter or problem)
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 = -25p + 7800. At a price of p dollars per ticket, the number of tickets that the concerts promoters are willing to make available is given by the supply model N = 5p + 6000. a. How many tickets can be sold and supplied for $50 per ticket? b. Find the ticket price at which supply and demand are equal. At this price, how many tickets will be supplied and sold?
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