Equilibrium Price: Skateboards The demand for your hand-made skateboards, in weekly sales, is q = -3p+ 500 if the selling price is $p. You are prepared to supply q = 2p - 400 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 = -3p+ 500 if the selling price is $p. You are prepared to supply q = 2p - 400 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

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter4: Supply And Demand: An Initial Look

Section: Chapter Questions

Problem 1DQ

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