Question:
Stutz Department Store will buy 10 pairs of sunglasses if
Last updated: 8/12/2022
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Stutz Department Store will buy 10 pairs of sunglasses if the price is $80 per pair and 30 pairs if the price is $30. The supplier of the sunglasses is willing to provide 35 pairs if the price is $85 per pair but only 5 pairs if the price is $25. Assuming that the supply and demand functions for the sunglasses are linear, find the market equilibrium point.