The demand for your college newspaper is8,000copies each week if the paper is given away free of charge, and drops to7,000each week if the charge is 10/copy. However, the university is prepared to supply only200copies per week free of charge, but will supply800each week at 20per copy.

(a) Write down the associated linear demand and supply functions. {p Is In dollars.) demand function q(p) =|:| X supply function q(p) = (b) At what prloe should the college newspapers be sold so that there Is neither a surplus nor a shortage of college newspapers? $