contestada

Consider a competive market for a good where the demand curve is determined by the demand function: P-20+-2'Od and the supply curve is determined by the supply function P0+2's Where Pr Assume a market intervention of the form of price celling. The price ceiling is set at P-38. This price celing is binding, so it has an impact on the equilibrium of the economy How many units of the good the consumers are willing to demand the market at the considered market intervention?

Q&A Education