At a price of $35 per bookshelf, producers will provide 140 shelves to the market. At a price of $80 per shelf, producers will provide 365 shelves. The consumers demand x bookshelves at a price, in dollars, of p(x) = -0.5x + 140. (a) What is the market equilibrium quantity of bookshelves? bookshelves (b) What is the market equilibrium price in dollars?

At a price of $35 per bookshelf, producers will provide 140 shelves to the market. At a price of $80 per shelf, producers will provide 365 shelves. The consumers demand x bookshelves at a price, in dollars, of p(x) = -0.5x + 140. (a) What is the market equilibrium quantity of bookshelves? bookshelves (b) What is the market equilibrium price in dollars?

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter3: Supply And Demand: Theory

Section: Chapter Questions

Problem 1WNG

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