I want to sell notes

 

0 3 points WaneFMAC 1.3 502 XP My Notes Ask Your Teache You can sell 110 pet chias per week if they are marked at $1 each, but only 80 each week if they are marked at $2/chla. Your chia supplier is prepared to sell you 50 chlas each week i they are marked at $1/chia, and 120 each week if they are marked at $2 per chla. (a) Write down the associated linear demand and supply functions demand function qlp)- supply function gtp) (b) At what price should the chias be marked so that there is neither a surplus nor a shortage of chias? HINT [See Example 4.]