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You can sell 130 pet chias per week if they are marked at $1 each, but only 120 each week if they are marked at $2/chia. Your chia supplier is prepared to sell you 20 chias each week if they are marked at $1 per 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 (in dollars) should the chias be marked so that there is neither a surplus nor a shortage of chias?
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