The demand equation for a certain cell phone is given by
? = −.001?2 + 250
where p is the price of per phone (in dollars) and q is the number of phones that can be sold at this price. The supply function is given by
? = 0.0006?2 + 0.02? + 100
dollars per camera.
Find the equilibrium price and use it calculate the producers and
at the equilibrium price level.
?? = ?̅?̅ − ∫ ?(?)??
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