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The market for solar heaters in Cincinnati, OH is characterized by the following equations: Qd=150-P Q5=2*P P: Dollars per heater Q: Heaters per week 7.1
The market for solar heaters in Cincinnati, OH is characterized by the following equations: Qd=150-P Q5=2*P P: Dollars per heater Q: Heaters per week 7.1 Graph the market for solar heaters in Cincy after calculating P* and Q* 7.2 Cincinnati mayor Jerry Springer decides that the old and cold cannot afford the outrageous price of these heaters. He convinces the City Council to pass a resolution setting a ceiling of $40 per heater. On a new graph, show the \"textbook\" post-price ceiling: - quantity trans acted - price consumers pay; and - price solar heater manufacturers receive
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