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Suppose the Supply and Demand for a Certain Videotape Are  supply: p=16q2; demand: p=16q2+37\text { supply: } p = \frac { 1 } { 6 } q ^ { 2 } ; \text { demand: } p = - \frac { 1 } { 6 } q ^ { 2 } + 37

Question 159

Multiple Choice

Suppose the supply and demand for a certain videotape are given by:  supply: p=16q2; demand: p=16q2+37\text { supply: } p = \frac { 1 } { 6 } q ^ { 2 } ; \text { demand: } p = - \frac { 1 } { 6 } q ^ { 2 } + 37 where p is price and q is quantity. How many videotapes are demanded at a price of $22?


A) About 8 videotapes
B) About 9 videotapes
C) About 11 videotapes
D) About 10 videotapes

Correct Answer:

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