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QUESTION
The demand and supply functions for college newspaper are, respectively, q = -10,000p + 2200 and q = 5000p + 700, where p is the price in dollars.
The demand and supply functions for college newspaper are, respectively, q = -10,000p + 2200 and q = 5000p + 700, where p is the price in dollars. At what price should the newspapers be sold so that there is neither a surplus nor a shortage of papers?
