The market for DVDs has supply and demand curves given by Ps = 2Qs and Pd =
Question:
a. How many units will be traded at a price of $35? At a price of $14? Which participants will be dissatisfied at these prices?
b. What quantity of DVDs at what price will be sold in equilibrium?
c. What is the total revenue from DVD sales?
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a At prices of 35 and 14 there will be 7 DVDs traded in the ...View the full answer
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