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Suppose that weekly demand for coal in Australia is given by P = 1800 - 2Q, and supply is given by P = 4Q, where
Suppose that weekly demand for coal in Australia is given by P = 1800 - 2Q, and supply is given by P = 4Q, where Q represents tonnes of coal. To support consumers, the government has decided to impose a price ceiling of $800 per tonne. This suggests that _________ of _________ will result in this market. Following the price ceiling, consumer surplus will _______ by_______. would you draw me a graph plz? thank you so much!!!!
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