Equilibrium Price: Skateboards The demand for your hand-made skateboards, in weekly sales, is q = -4p + 900 if the selling price is $p. You are prepared to supply q = 6p 600 per week at the price $p. What price should you sell your skateboards for so that there is neither a shortage nor a surplus?

Equilibrium Price: Skateboards The demand for your hand-made skateboards, in weekly sales, is q = -4p + 900 if the selling price is $p. You are prepared to supply q = 6p 600 per week at the price $p. What price should you sell your skateboards for so that there is neither a shortage nor a surplus?

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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Equilibrium Price and Quantity

Equilibrium refers to a state of balance that comes about because there is equality in all forces.

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Equilibrium Price: Skateboards The demand for your hand-made skateboards, in weekly sales, is q = -4p + 900 if the selling price is $p. You are prepared to supply q = 6p - 600 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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