For the supply equation, where x represents the quantity supplied in units of 1,000 and p is the unit price in dollars, determine the number of units of the commodity the supplier will make available in the market at the given unit price. Please round your answer to the nearest unit. 3x - 4p + 24 = 0; p = 8
A) 2,967
B) 2,667
C) 2,567
D) 3,167

Question

Quizplus · Accepted Answer

Substitute p=8 into the equation, we get: 
3x - 4(8) + 24 = 0 
3x = 8 
x = 2.667 
Rounding to the nearest unit, the answer is 2667.

For the Supply Equation, Where X Represents the Quantity Supplied