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If demand for a product is defined by q equals negative 10 p plus 25 and supply for the same product is defined by q equals 25 p minus 75, at what price should the product be sold for to ensure neither a shortage or surplus? Round off to the nearest cent.

 Apr 21, 2021
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Demand and supply should be equal

 

-10p +25 = 25p - 75

35p = 50

p = 50/35 = 1  3/7

 Apr 22, 2021

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