Equilibrium Price: Skateboards The demand for your hand-made skateboards, in weekly sales, is q = −2p + 700 if the selling price is $p. You are prepared to supply q = 3p − 500 per week at the price $p. What price should you sell your skateboards for so that there is neither a shortage nor a surplus? $ _________ per skateboard
Equilibrium Price: Skateboards The demand for your hand-made skateboards, in weekly sales, is q = −2p + 700 if the selling price is $p. You are prepared to supply q = 3p − 500 per week at the price $p. What price should you sell your skateboards for so that there is neither a shortage nor a surplus? $ _________ per skateboard
Brief Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781337091985
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter4: The Market Forces Of Supply And Demand
Section: Chapter Questions
Problem 4CQQ
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100%
q = −2p + 700
if the selling price is $p. You are prepared to supply
q = 3p − 500
per week at the price $p. What price should you sell your skateboards for so that there is neither a shortage nor a surplus?$ _________ per skateboard
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