Question

Samsung will produce 750 cell phones per month if the price is $60. If the price...

Samsung will produce 750 cell phones per month if the price is $60. If the price is $80 they will

produce 2250 cell phones.

Non iPhone customers will demand 250 cell phones per month when the price is $140. At $110 they

will demand 1,000 phones per month.

Find the Equilibrium Quantity and Equilibrium Price.

Math   Advanced-Math   
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Answer #1

Assuming linear relationship between quantity and price.

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