The daily demand and supply models for a carrot cake supplied by a bakery to a

Chapter 10, Problem 67

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The daily demand and supply models for a carrot cake supplied by a bakery to a convenience store are given by the demand model N = 40 - 3p and the supply model N = p2 10 , in which p is the price of the cake and N is the number of cakes sold or supplied each day to the convenience store. Explain how to determine the price at which supply and demand are equal. Then describe how to find how many carrot cakes can be supplied and sold each day at this price.

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