3. Why dont all restaurants use the market price to allocate their tables? ...

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3. Why don’t all restaurants use the market price to allocate their tables?

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Table 1 Price (dollars per sandwich)

Quantity demanded Quantity supplied

(sandwiches per hour)

0 400 0 1 350 50 2 300 100 3 250 150 4 200 200 5 150 250 6 100 300 7 50 350 8 0 400

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Foundations Of Microeconomics

ISBN: 9780134491981

8th Edition

Authors: Robin Bade, Michael Parkin

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