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)
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Author:N. Gregory Mankiw
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Chapter4: The Market Forces Of Supply And Demand
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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

 

 

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