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Use the following table to solve this problem: Price of Frisbee Quantity Demanded Quantity Supplied $10 2 million 12 million 9 4 million 9 million
Use the following table to solve this problem: Price of Frisbee Quantity Demanded Quantity Supplied $10 2 million 12 million 9 4 million 9 million 8 6 million 6 million 7 8 million 3 million Suppose Congress imposed a price ceiling at $7. What is the total revenue generated for this Frisbee market? Group of answer choices 56 million 36 million 48 million 21 million
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