The demand and supply functions for your college newspaper are, q = -8,000p + 1,500 and q = 3,000p + 400, respectively, where p is the price in dollars. At what price should the newspapers be sold so that there is neither a surplus nor a shortage of papers?
The demand and supply functions for your college newspaper are, q = -8,000p + 1,500 and q = 3,000p + 400, respectively, where p is the price in dollars. At what price should the newspapers be sold so that there is neither a surplus nor a shortage of papers?
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....
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Transcribed Image Text:The demand and supply functions for your college newspaper are, q = -8,000p + 1,500 and q = 3,000p + 400, respectively, where p is the price in dollars. At what price should the newspapers be
sold so that there is neither a surplus nor a shortage of papers?
$
x
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