Question
Suppose River City's demand curve for tattoos is Qd = 2500 - 20P and the supply curve is Qs = 100P - 3500, where the
Suppose River City's demand curve for tattoos is Qd = 2500 - 20P and the supply curve is Qs = 100P - 3500, where the quantities demanded and supplied are both measured in the number of tattoos per year.
(a) [8 points] Compute the equilibrium price and quantity of tattoos in River City.
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Managerial Economics and Organizational Architecture
Authors: James Brickley, Jerold Zimmerman, Clifford W. Smith Jr
5th edition
73375829, 978-0073375823
