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
Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter4: Demand, Supply, And Markets
Section: Chapter Questions
Problem 2QFR
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![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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2da5533f-8665-454a-8786-e097ba2bf066%2Fb511c8dc-2ca9-4674-bf81-e6c088481161%2Fk5mk3w4_processed.png&w=3840&q=75)
Transcribed Image Text: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
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