The demand for your hand-made skateboards, in weekly sales, is q = −5p + 500 if the selling price is $p. You are prepared to supply q = 5p − 300 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
The demand for your hand-made skateboards, in weekly sales, is q = −5p + 500 if the selling price is $p. You are prepared to supply q = 5p − 300 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
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.38TI: US Census data shows that the median price of new home in the U.S. in November 2014 was $280,900....
Question
The demand for your hand-made skateboards, in weekly sales, is
q = −5p + 500
if the selling price is $p. You are prepared to supply
q = 5p − 300
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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