Question
Consider the market for after school daycare where the demand is given by QD = 100 2P and the supply is given by QS =
Consider the market for after school daycare where the demand is given by QD = 100 2P and the supply is given by QS = 5P.
a) What is the equilibrium price and quantity in this market?
b) Suppose the government is debating placing a price ceiling to help consumers. At what prices will the price ceiling have an effect on the market?
-Can you please help me find the choke prices for demand and supply?
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Why Nations Fail The Origins Of Power, Prosperity, And Poverty
Authors: Daron Acemoglu, James Robinson
1st Edition
0307719227, 9780307719225
