8. The market demand is Q” = 60 – 6P and the market supply is QS...

Question

Question

8. The market demand is Q” = 60 – 6P and the market supply is QS = 4P . Suppose the government imposes a price floor of $7 an

Answer 1

Answer #1

6 18 24 29 0? - as 60-6l zul Q - 24 when pf = 7 @n18 Qs - 28 excess - 10 cost = 10x7 70. Aus.

Answer 2

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