IT CONTAINS THEORY AND AN EXAMPLE OF INCOME DEMAND OFFER AND BALANCE PRICE, AS WELL AS A CALCULATOR IS ALSO OFFERED TO RESOLVE SECOND GRADE EQUATIONS.
THE PROBLEM SOLVED IS THE FOLLOWING:
If the demand for Wellington Boots from Ludington is: q = -4.5p + 4000 pairs sold per week and the offer is: q = 50p-1995 pairs per week,
What is the equilibrium price?