Suppose you are faced with demand P102Q and your current pro

Suppose you are faced with demand P=10-.2Q and your current production (supply) is 10. What price should you charge to sell all your product? (Show your work)

Solution

P=10-.2q where supply is 10.

P=10-(0.2×10)

P=10-2

P=8

Thwaite seller should sell all the products at price 8.