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16 September, 04:52

Suppose p = $400 - $0.2x is the demand function for widgets.

If we want to sell 100 widgets, where should we set the price?

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  1. 16 September, 07:25
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    P = $400-$0.2x

    x = 100 widgets

    p = $400-$0.2 (100)

    p = $000-$20

    p = $380
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