Question

Worldwide quarterly sales of a brand of cell phones were approximately q = −p + 126...

Worldwide quarterly sales of a brand of cell phones were approximately

q = −p + 126

million phones when the wholesale price was $p.

(a) If the cellphone company was prepared to supply

q = 9p − 324

million phones per quarter at a wholesale price of $p, what would have been the equilibrium price?
$

(b) The actual wholesale price was $40 in the fourth quarter of 2004. Estimate the projected shortage or surplus at that price. HINT [See Example 4.]

There is an estimated ---Select---shortagesurplus of million phones.

Math   Precalculus   
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