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For the remaining three questions, assume that the competitive market is operating in the short-mn with a market demand curve given by P (DD) =

For the remaining three questions, assume that the competitive market is operating in the short-mn with a market demand curve given by P (DD) = 5093 400 and a market supply curve given by P (03) =15 + 0.203. The unconstrained equilibrium occurs where the market price is $258 and the market quantity is 1210 units. Consider the impact of a price ceiling set at a price of $129 per unit, compared to the unconstrained equilibrium

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