Mathematics, 17.09.2019 00:30 marisol56

Worldwide quarterly sales of nokia cell phones was approximately q=-p+156 million phones when the wholesale price was $p. (8 points)
(1) if nokia was prepared to supply q=4p-394 million phones per quarter at a whole price of $p, what would be the equilibrium price?
(2)the actual wholesale price was $105 in the fourth quarter of 2004. estimate the projected shortage or surplus at that price.

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