2)
Price varies directly as demand and inversely as the square root of supply. For demand = 1000
supply = 100, price = 500. Find the price, if demand = 3000 and supply = 900.
1) 100
2) 150
4) 250
3) 500
Answers
Answer:
150 , because of math common sence
Option 3: 500 is the value of the price
Explanation:
Given that the price varies directly as demand and inversely as the square root of supply.
This can be written as the expression
where P is the price, k is the constant, D is the demand and S is the supply
Also, given that Demand = 1000, Supply = 100 and Price = 500.
Let us substitute these values in the expression , we have,
Thus, the value of the constant k is 5
Now, we need to find the value of price when demand = 3000 and supply = 900
The value of price can be determined by substituting demand = 3000, supply = 900 and the constant k = 5
Thus, we have,
Thus, the value of the price is 500
Therefore, Option 3 is the correct answer.
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