Answer:
Demand: q = -50p + 1200
Supply: q = 40p
Step-by-step explanation:
First let's define our variables.
q = quantity of T-shirts
p = price
We know that when p = 12, q = 600. When p increases by 1, q decreases by 50. So this is a line with slope -50 that passes through the point (12, 600). Using point-slope form to write the equation:
q - 600 = -50 (p - 12)
Converting to slope-intercept form:
q - 600 = -50p + 600
q = -50p + 1200
Similarly, we know that when p = 9.75, q = 600 - 210 = 390. When p increases by 1, q increases by 40. So this is a line with slope 40 that passes through the point (9.75, 390). Using point-slope form to write the equation:
q - 390 = 40 (p - 9.75)
Converting to slope-intercept form:
q - 390 = 40p - 390
q = 40p
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This just means that thefraction<span> has been reduced. For instance 4 / 6 is </span>not<span> such a </span>fraction<span>, because the top and the bottom have </span>gcf<span> = </span>2<span>, but </span>2<span> / 3 is such a </span><span>fraction</span>
10t = b - 4
12b+8t = $348
This is a system of equations. I’ll be solving through substitution.
In the first equation. solving for b (the easier variable to isolate) gives you:
b = 10t + 4
Substitute this into the second equation:
12(10t+4) +8t = 348
120t+48+8t = 348
128t = 300
t = 2.34375 —> round it to the nearest cent to get 2.34 dollars
b = 10t+4
b = 10(2.34)+4
b = 27.4 dollars
