SOLUTION: The demand for your hand-made skateboards, in weekly sales, is q = −2p + 800 if the selling price is $p. You are prepared to supply q = 3p − 500 per week at the p

Algebra ->  Polynomials-and-rational-expressions -> SOLUTION: The demand for your hand-made skateboards, in weekly sales, is q = −2p + 800 if the selling price is $p. You are prepared to supply q = 3p − 500 per week at the p      Log On


   



Question 1066792: The demand for your hand-made skateboards, in weekly sales, is
q = −2p + 800
if the selling price is $p. You are prepared to supply
q = 3p − 500
per week at the price $p. What price should you sell your skateboards for so that there is neither a shortage nor a surplus?
$ per skateboard

Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
Let these two equal each other
-2p+800=3p-500
5p=1300
p=$260.
At that price, demand is 280 and supply is 280.
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