Question
The demand for ice cream is given by QD=10 p, measured in quarts of ice cream. The supply of ice cream is given by QS=2p5.
The demand for ice cream is given by QD=10 p, measured in quarts of ice cream. The supply of ice cream is given by QS=2p5. The price however has been fixed arbitrarily at p = 8
a) Find the Quantity sold if the price were fixed at p=8 b) Find the producer's surplus if the price were fixed at p=8
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Survey of Economics
Authors: Irvin B. Tucker
8th edition
1111989664, 978-1133713357, 1133713351, 978-1111989668
