Posted by **Shawna** on Tuesday, March 18, 2014 at 9:46am.

The supply and demand for a business manufacturing toy cars are given by these two equations, where y is the price in dollars per item and x is the number of toy cars sold in thousands.

Supply: y = x^2 − x + 0.5

Demand: y = x^2 − 1.6

The two graphs intersect at the point (2.1, 2.8), which is the market equilibrium for the business. Which statement is true?

A) The market will be in equilibrium when the price of each toy car is $2.10.

B) The market will be in equilibrium when 2,800 toy cars are sold.

C) The market will be in equilibrium when 2,100 toy cars are sold.

D) The market will be in equilibrium when 2,450 toy cars are sold and the price of each toy car is $2.10.

E) The market will be in equilibrium when 7.37 toy cars are sold and the price of each toy car is $2.12.

## Answer this Question

## Related Questions

- algebra 2 - 1.Which system of equations represents this situation? Let d be the ...
- MATH WORD PROBLEM - Diego works at a toy store. His boss tells him to order 420 ...
- Calculus (Partial Derivatives) - A car dealer determines that if gasoline-...
- Calculus (Partial Derivatives) - A car dealer determines that if gasoline-...
- Math - Am I doing this right? Q. 6 toy cars are in 16in 16 divided by 6=2.66 ...
- economics - Suppose the supply and demand for milk is described by the following...
- Algebra 2 - the demand for a new video game is given by the function p(x)= -x^2...
- Math - The demand and supply equations for a certain item are given by D = -5p...
- 5th grade - The Chang Toy Factory in China can produce 35 mini toy care each ...
- math - Andy has 16 toy cars 2/5 are red, 3/4 are white what fraction of the cars...