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.

(1) p = $110

(2) shotage of 25 milion phones

Step-by-step explanation:

(1) For the equilibrium, q supply = q sales

sales: q=-p+156

supply: q=4p-394

4p-394 = -p+156

4p + p = 156 + 394

5p = 550

p = 110

(2) p = 105

sales: q=-p+156    

q = -105 + 156

q = 51

supply: q=4p-394

q = 4.105 - 394

q = 420 - 394

q = 26

As sales > supply, is is a shortage of 51 - 26 = 25 milion phones

4 candies

step-by-step explanation:

7 x 28 = 196

200 - 196 = 4 candies remaining.

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