Question
Market demand for Dell Computers is P= 1500 - 3Q and market supply is P= 100 + 2Q. A) Calculate market equilibrium price and quantity
- Market demand for Dell Computers is P= 1500 - 3Q and market supply is P= 100 + 2Q.
A) Calculate market equilibrium price and quantity
B) Calculate consumer and producer surplus at equilibrium
C) Calculate the effects of imposing a $50/unit sales tax in this market.
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Economics Principles and Policy
Authors: William Baumol, Alan Blinder
13th edition
1305280595, 1305280598, 9781305465626 , 978-1305280595
