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Can you help me answer these questions please? The demand for computers is represented by P D = 84 - 2Q and the supply for
Can you help me answer these questions please?
The demand for computers is represented by PD= 84 - 2Q and the supply for computers is represented by PS= 3Q + 4. Determine for each of the following prices if it is a price floor, price ceiling, or neither. For each price determine the quantity shortage or surplus.
a)P = $64.
Price ceiling/floor/neither
Surplus/shortage/neither
Amount =
b)P = $40.
Price ceiling/floor/neither
Surplus/shortage/neither
Amount =
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