Suppose that the inverse demand equation isp =100minus2Q and the supply equation isp =2Q.If the price is controlled at $35,this is a price ceiling.
September 3, 2020
1)Suppose two firms owned by Trump Corporation and Koch Industries are currently emitting 8,000 tons of pollution each. Abatement costs for Trump…
September 3, 2020

Suppose that the inverse demand equation isp =100minus2Q and the supply equation isp =2Q.If the price is controlled at $35,this is a price ceiling. In this market, there will be a shortageof 10units (enter your response as a real number rounded to one decimal place).

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