document.write( "Question 793216: Please, help me solve this problem:\r
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document.write( "The demand and supply functions for a newspaper company are, respectively, q = −10,000p + 3,100 and q = 2,000p + 700, 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? \n" );
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Algebra.Com's Answer #480339 by ankor@dixie-net.com(22740)![]() ![]() You can put this solution on YOUR website! The demand and supply functions for a newspaper company are, respectively, q = −10,000p + 3,100 and q = 2,000p + 700, where p is the price in dollars. \n" ); document.write( " At what price should the newspapers be sold so that there is neither a surplus nor a shortage of papers? \n" ); document.write( ": \n" ); document.write( "This means demand = supply, q = q, therefore \n" ); document.write( "2000p + 700 = -10000p + 3100 \n" ); document.write( "2000p + 10000p = 3100 - 700 \n" ); document.write( "12000p = 2400 \n" ); document.write( "p = 2400/12000 \n" ); document.write( "p = $.20 \r \n" ); document.write( "\n" ); document.write( "Not that hard, right? \n" ); document.write( " |