Question

The demand for your hand-made skateboards, in weekly sales, is q = −6p + 400 if the selling price is $p. You are prepared to supply q = 4p − 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?

Answer 1

Answer:

The price you should sell your skateboards so that there is neither a shortage nor a surplus is $70

Explanation:

In order to calculate the price should you sell your skateboards for so that there is neither a shortage nor a surplus we would have to make the following calculation:

−6p + 400= 4p − 300

-10p=-700

p=70

The price you should sell your skateboards so that there is neither a shortage nor a surplus is $70