Problem

Market Equilibrium Wholesalers’ willingness to sell laser printers is given by the supply...

Market Equilibrium Wholesalers’ willingness to sell laser printers is given by the supply function p = 50.50 + 0.80q, and retailers’ willingness to buy the printers is given by p = 400 − 0.70q, where p is the price per printer in dollars and q is the number of printers. What price will give market equilibrium for the printers?

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