Question
1.A free market has a demand curve Qd= 600-4p and supply curve Qs= - 450 +6p A.Solve for the equilibrium conditions of this market. B.Graph
1.A free market has a demand curve Qd= 600-4p and supply curve Qs= - 450 +6p
A.Solve for the equilibrium conditions of this market.
B.Graph the free market.
C.An implementation of $120 is placed on the market. Identify new price as a ceiling/ floor.
D.Explain how the implementation $120 effects the market.
E.How is Consumer Surplus and Producer Surplus effected by this price imposition?
2.A free market has a demand curve Qd= 600-4p and supply curve Qs= - 450 +6p
A.Solve for the equilibrium conditions of this market.
B.Graph the free market.
C.An implementation of $100 is placed on the market. Identify new price as a ceiling/ floor.
D.Explain how the implementation $100 effects the market.
E.How is Consumer Surplus and Producer Surplus effected by this price imposition?
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How Social Forces Impact The Economy
Authors: Steven Pressman
1st Edition
1000062899, 9781000062892
