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Mathematics, 16.03.2020 18:37 odugerry

The demand for a certain company's e-reader can be approximated by q = 760 p βˆ’ 1 million units per year (60 ≀ p ≀ 400), where p is the price charged by the company. Assume that the company is prepared to supply q = 0.019p βˆ’ 1 million units per year (60 ≀ p ≀ 400) at a price of $p per unit. (a) Calculate the equilibrium price and equilibrium demand. equilibrium price $ 200 Correct: Your answer is correct. equilibrium demand 2.8 Correct: Your answer is correct. million e-readers per year

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The demand for a certain company's e-reader can be approximated by q = 760 p βˆ’ 1 million units per y...
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