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Demand and supply equations for nails

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Reference no: EM132149769

Greg's Hardware has determined the following demand and supply equations for nails

QD = 10,000-25P

QS = -5,000 + 50P

a. How many nails would be sold for $100?

b. At what price would nail sales be zero?

c. When P = $200, what is total revenue? What is marginal revenue?

d. What is the relationship between quantity supplied and quantity demanded at a price of $300?

Reference no: EM132149769

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