What price would you charge if you cannot set different prices for students and faculty?

The Science Student Association is selling t-shirts to help raise money for a new microwave in the s Show more The Science Student Association is selling t-shirts to help raise money for a new microwave in the student lounge. The total demand for these t-shirts comes from two groups: students and faculty. The demand curves for these two groups are given by the following equations: Students: Qs = 120 10Ps Faculty: Qf = 48 2Pf As the president of the Association you are in charge of organizing the whole affair. You plan to buy the t-shirts from a vendor and the cost of a t-shirt varies from vendor to vendor. You are considering buying from a vendor that would charge you $5 for every t-shirt. What price would you charge if you cannot set different prices for students and faculty? Show less

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