Question
Calculate number of Occupied apartments? In a small city, the supply of apartments is Qs = 12000+ 0.5P, and the demand is Qp = 15600
In a small city, the supply of apartments is Qs = 12000+ 0.5P, and the demand is Qp = 15600 -2.5P, where P is the rent per month. The city has introduced a rent control ordinance that imposes a maximum monthly rent of rent of $1600. Under these conditions, the number of occupied apartments will be
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
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538453257, 978-0538453257
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