Question:

Stutz Department Store will buy 10 pairs of sunglasses if

Last updated: 8/12/2022

Stutz Department Store will buy 10 pairs of sunglasses if

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.