Chapter 4.1, Problem 60E

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7th Edition

Stefan Waner + 1 other

ISBN: 9781337274203

Textbook Problem

**Equilibrium Price** The demand and supply functions for your college newspaper are
*p* is the price in dollars. At what price should the newspapers be sold so that there is neither a surplus nor a shortage of papers?

To determine

**To calculate:** The price at which the college newspaper should be sold so that there is neither a surplus nor a shortage of it, if the demand and supply functions for the newspaper are

Explanation

**Given Information:**

The demand and supply functions for the newspaper are

Where

**Formula used:**

The demand and supply are equal when they are in equilibrium, which means there is neither a shortage nor a surplus situation and the value of *p* is known as equilibrium price and the value of *q* is equilibrium demand.

**Calculation:**

Consider the problem,

The demand and supply functions for the newspaper are

At equilibrium, the demand and the supply are same

Sect-4.1 P-1ESect-4.1 P-2ESect-4.1 P-3ESect-4.1 P-4ESect-4.1 P-5ESect-4.1 P-6ESect-4.1 P-7ESect-4.1 P-8ESect-4.1 P-9ESect-4.1 P-10E

Sect-4.1 P-11ESect-4.1 P-12ESect-4.1 P-13ESect-4.1 P-14ESect-4.1 P-15ESect-4.1 P-16ESect-4.1 P-17ESect-4.1 P-18ESect-4.1 P-19ESect-4.1 P-20ESect-4.1 P-21ESect-4.1 P-22ESect-4.1 P-23ESect-4.1 P-24ESect-4.1 P-25ESect-4.1 P-26ESect-4.1 P-27ESect-4.1 P-28ESect-4.1 P-29ESect-4.1 P-30ESect-4.1 P-31ESect-4.1 P-32ESect-4.1 P-33ESect-4.1 P-34ESect-4.1 P-35ESect-4.1 P-36ESect-4.1 P-37ESect-4.1 P-38ESect-4.1 P-39ESect-4.1 P-40ESect-4.1 P-41ESect-4.1 P-42ESect-4.1 P-43ESect-4.1 P-44ESect-4.1 P-45ESect-4.1 P-46ESect-4.1 P-47ESect-4.1 P-48ESect-4.1 P-49ESect-4.1 P-50ESect-4.1 P-51ESect-4.1 P-52ESect-4.1 P-53ESect-4.1 P-54ESect-4.1 P-55ESect-4.1 P-56ESect-4.1 P-57ESect-4.1 P-58ESect-4.1 P-59ESect-4.1 P-60ESect-4.1 P-61ESect-4.1 P-62ESect-4.1 P-63ESect-4.1 P-64ESect-4.1 P-65ESect-4.1 P-66ESect-4.1 P-67ESect-4.1 P-68ESect-4.1 P-69ESect-4.1 P-70ESect-4.1 P-71ESect-4.1 P-72ESect-4.1 P-73ESect-4.1 P-74ESect-4.1 P-75ESect-4.1 P-76ESect-4.1 P-77ESect-4.1 P-78ESect-4.1 P-79ESect-4.1 P-80ESect-4.1 P-81ESect-4.1 P-82ESect-4.2 P-1ESect-4.2 P-2ESect-4.2 P-3ESect-4.2 P-4ESect-4.2 P-5ESect-4.2 P-6ESect-4.2 P-7ESect-4.2 P-8ESect-4.2 P-9ESect-4.2 P-10ESect-4.2 P-11ESect-4.2 P-12ESect-4.2 P-13ESect-4.2 P-14ESect-4.2 P-15ESect-4.2 P-16ESect-4.2 P-17ESect-4.2 P-18ESect-4.2 P-19ESect-4.2 P-20ESect-4.2 P-21ESect-4.2 P-22ESect-4.2 P-23ESect-4.2 P-24ESect-4.2 P-25ESect-4.2 P-26ESect-4.2 P-27ESect-4.2 P-28ESect-4.2 P-29ESect-4.2 P-30ESect-4.2 P-31ESect-4.2 P-32ESect-4.2 P-33ESect-4.2 P-34ESect-4.2 P-35ESect-4.2 P-36ESect-4.2 P-37ESect-4.2 P-38ESect-4.2 P-39ESect-4.2 P-40ESect-4.2 P-41ESect-4.2 P-42ESect-4.2 P-43ESect-4.2 P-44ESect-4.2 P-45ESect-4.2 P-46ESect-4.2 P-47ESect-4.2 P-48ESect-4.2 P-49ESect-4.2 P-50ESect-4.2 P-51ESect-4.2 P-52ESect-4.2 P-53ESect-4.2 P-54ESect-4.2 P-55ESect-4.2 P-56ESect-4.2 P-57ESect-4.2 P-58ESect-4.2 P-59ESect-4.2 P-60ESect-4.2 P-61ESect-4.2 P-62ESect-4.2 P-63ESect-4.2 P-64ESect-4.2 P-65ESect-4.2 P-66ESect-4.2 P-67ESect-4.2 P-68ESect-4.3 P-1ESect-4.3 P-2ESect-4.3 P-3ESect-4.3 P-4ESect-4.3 P-5ESect-4.3 P-6ESect-4.3 P-7ESect-4.3 P-8ESect-4.3 P-9ESect-4.3 P-10ESect-4.3 P-11ESect-4.3 P-12ESect-4.3 P-13ESect-4.3 P-14ESect-4.3 P-15ESect-4.3 P-16ESect-4.3 P-17ESect-4.3 P-18ESect-4.3 P-19ESect-4.3 P-20ESect-4.3 P-21ESect-4.3 P-22ESect-4.3 P-23ESect-4.3 P-24ESect-4.3 P-25ESect-4.3 P-26ESect-4.3 P-27ESect-4.3 P-28ESect-4.3 P-29ESect-4.3 P-30ESect-4.3 P-31ESect-4.3 P-32ESect-4.3 P-33ESect-4.3 P-34ESect-4.3 P-35ESect-4.3 P-36ESect-4.3 P-37ESect-4.3 P-38ESect-4.3 P-39ESect-4.3 P-40ESect-4.3 P-41ESect-4.3 P-42ESect-4.3 P-43ESect-4.3 P-44ESect-4.3 P-45ESect-4.3 P-46ESect-4.3 P-47ESect-4.3 P-48ESect-4.3 P-49ESect-4.3 P-50ESect-4.3 P-51ESect-4.3 P-52ESect-4.3 P-53ESect-4.3 P-54ESect-4.3 P-55ESect-4.3 P-56ESect-4.3 P-57ESect-4.3 P-58ECh-4 P-1RECh-4 P-2RECh-4 P-3RECh-4 P-4RECh-4 P-5RECh-4 P-6RECh-4 P-7RECh-4 P-8RECh-4 P-9RECh-4 P-10RECh-4 P-11RECh-4 P-12RECh-4 P-13RECh-4 P-14RECh-4 P-15RECh-4 P-16RECh-4 P-17RECh-4 P-18RECh-4 P-19RECh-4 P-20RECh-4 P-21RECh-4 P-22RECh-4 P-23RECh-4 P-24RECh-4 P-25RECh-4 P-26RECh-4 P-27RECh-4 P-28RECh-4 P-29RECh-4 P-30RECh-4 P-31RECh-4 P-32RECh-4 P-33RECh-4 P-34RECh-4 P-35RECh-4 P-36RECh-4 P-37RECh-4 P-38RECh-4 P-39RECh-4 P-40RECh-4 P-41RECh-4 P-42RECh-4 P-43RECh-4 P-44RECh-4 P-45RECh-4 P-46RE

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