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Yuri [45]
3 years ago
13

A company manufactures and sells video games. A survey of video game stores indicated that at a price of $69 each, the demand wo

uld be 200 games, and at a price of $39 each, the demand would be 1,100 games. If a linear relationship between price and demand exists, which of the following equations models the price-demand relationship?
(Let x represent the price per video game and y represent the demand.)
(answers are in the snip)

Mathematics
1 answer:
wariber [46]3 years ago
3 0

Answer: If the equilibrium is such that only 12000 units are sold for $27, then the total earnings from the given scenario is $324,000. The supply equation would then be,

       supply: 324000 = 6p   ; p = 324000/6 = 54000

       demand: 324000 = 69p ; p = 324000/69 = 4695.65 ≈ 4696

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Using Pythagoras theorem,

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