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nswer 1: France has a comparative advantage in the production of cars. 10 / 15 pts Question 3 As part of your job at the

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nswer 1: France has a comparative advantage in the production of cars. 10 / 15 pts Question 3 As part of your job at the Bus Rapid Transit (BRT) here in Madison, you help with the analysis of the regional transportation system. The following equation shows the market demand for bus tickets from Madison to Milwaukee: P = 2000 - 2Qd If the market supply curve in the bus market is given by P = 6Qs, the equilibrium price is $1500 and the equilibrium quantity is 250 tickets . Suppose that due to Covid-19 there has been an adverse change in consumer tastes and preferences in the bus market that shifted the demand curve to: P = 1800 - 2Qd If the price of bus tickets remains the same, there will be a surplus of 150 tickets . Answer 1: $1500 Answer 2: 250 tickets Answer 3: ered a surplus of 150 tickets nswer a surplus of 100 tickets

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