Gven the below supply and demand equations for computersp , Ask an Expert

Economics

Given the below supply and demand equations for computers,

P = 250 - 2Q (Demand)

P = 50 + 3Q (Supply)

The company decides to increase its marketing expenses to boost its sales and the new supply equation is P = 90 + 3Q and the new demand curve is P = 280 – 2Q. Discover the new equilibrium price and quantity.

By comparing the total revenue, evaluate whether the company must increase its marketing expenses to boost sales.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91225373

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