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Can someone break this question down for me to input it into excel Assume that the City Council in Prescott, Arizona is considering implementing price
Can someone break this question down for me to input it into excel
Assume that the City Council in Prescott, Arizona is considering implementing price ceilings on rental units based on the number of bedrooms in the unit. The demand function for rental units (on a single bedroom equivalent basis) is given by QD = 120 - 4P and the supply function is given by QS = 2P, where P is price and Q is quantity. The Council is considering imposing a ceiling price on rental units of Pmax = 16.
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