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March 25, 2017

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The demand for your hand-made skateboards, in weekly sales, is q=-5p+600 if the selling price is $p. You are prepared to supply q=5p-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?

Someone please help :(

  • calculus - ,

    you want supply to equal demand at price p.

    -5p+600 = 5p-400
    10p = 1000
    p = 10

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