Chapter 5: Problem 65
Compare the graphs of \(3 x-2 y>6\) and \(3 x-2 y \leq 6\). Discuss similarities and differences between the graphs.
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Chapter 5: Problem 65
Compare the graphs of \(3 x-2 y>6\) and \(3 x-2 y \leq 6\). Discuss similarities and differences between the graphs.
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The law of supply and demand states that, in a free market economy, a commodity tends to be sold at its equilibrium price. At this price, the amount that the seller will supply is the same amount that the consumer will buy. Explain how systems of equations can be used to determine the equilibrium price.
What is a system of linear equations? Provide an example with your description.
In Exercises \(5-18\), solve each system by the substitution method. $$ \begin{aligned} &3 x-4 y=x-y+4\\\ &2 x+6 y=5 y-4 \end{aligned} $$
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 \(N=-25 p+7500 .\) At a price of \(p\) dollars per ticket, the number of tickets that the concert's promoters are willing to make available is given by the supply model \(N=5 p+6000\) a. How many tickets can be sold and supplied for \(\$ 40\) 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?
In Exercises \(19-30,\) solve each system by the addition method. \(2 x+3 y=6\) \(2 x-3 y=6\)
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