(20 points) Suppose a rm’s inverse demand for their product is P = 200 4Q + 6A”, where Q is the number of units sold and A is the dollar amount…
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.
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.

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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