following data collection and analysis of the market for a particular
Following data collection and analysis of the market for a particular brand of television sold by a retailer within a metropolitan city location, the following supply and demand functions have been determined: Supply: P = 250 + 3Q Demand: P = 1000 - 2Q where P is the price in dollars and Q is the number of televisions sold per month. Which of the following is correct?
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