Question
At a price of $1100 per ton, the supply of cotton is 9600 tons and the demand is 9300 tons. At a price of
At a price of $1100 per ton, the supply of cotton is 9600 tons and the demand is 9300 tons. At a price of $954 per ton, the supply is 9500 tons and the demand is 9600 tons. In the piecewise model of tons of cotton sold N(p) of price p below, what should be the values of a? Round to 2 decimal places.
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Price theory and applications
Authors: Steven E landsburg
8th edition
538746459, 1133008321, 780538746458, 9781133008323, 978-0538746458
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