Posted by **Marianne** on Thursday, August 28, 2014 at 9:22pm.

1. The demand for your hand-made skateboards in weekly sales is q = -3p + 700 if the selling price is $p. You are prepared to supply q = 2p – 500 per week at price $p. At what price should you sell your skateboards so that there is neither shortage nor a surplus?

-3p +700 = 2p -500

+3p +3p

700 = 5p -500

+500 +500

1200 = 5p

/5 /5

$240 = p

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