Mathematics, 24.07.2019 16:50 BeverlyFarmer
You can sell 110 pet chias per week if they are marked at $1 each, but only 50 each week if they are marked at $2/chia. your chia supplier is prepared to sell you 50 chias each week if they are marked at $1/chia, and 110 each week if they are marked at $2 per chia. (a) write down the associated linear demand and supply functions. demand function q(p) = supply function q(p) = (b) at what price should the chias be marked so that there is neither a surplus nor a shortage of chias? hint [see example 4.] $
Answers: 1
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You can sell 110 pet chias per week if they are marked at $1 each, but only 50 each week if they are...
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