In response to the growing interests in the healthy living and to encourage young

ID-SUPPLY This is the demand and supply in the local market for running d by the local companies. Quantity Demanded Quantity Supplied 800 1000 820 950 880 880 960 820 1080 750 e the elasticity of demand for each price interval (ie. $65 to $55, etc.) 0.15 0.35 0.35 0.35 nse to the growing interest in the healthy living and to encourage young ne active, the provincial government has just announced a new price ceil unning shoes. Explain the effect on the new price and quantity sold for ru and whether this is the appropriate policy. price ceiling |