Question
1. The demand for your hand-made skateboards in weekly sales is q = -3p + 700 if the selling price is $p. You are prepared to supply q = 2p – 500 per week at price $p. At what price should you sell your skateboards so that there is neither shortage nor a surplus?
-3p +700 = 2p -500
+3p +3p
700 = 5p -500
+500 +500
1200 = 5p
/5 /5
$240 = p
-3p +700 = 2p -500
+3p +3p
700 = 5p -500
+500 +500
1200 = 5p
/5 /5
$240 = p