The market demand and supply functions for a product are as follows:Qd= 400 – 2PQs= 3P – 50 What would be the impact of a price ceiling at 100, explain ? I found the P= 90, Qd = Qs = 220 but I do not know how to set up price ceiling at 100 as P = 90

/in /by

The market demand and supply functions for a product are as follows:Qd= 400 – 2PQs= 3P – 50
What would be the impact of a price ceiling at 100, explain ?
I found the P= 90, Qd = Qs = 220 but I do not know how to set up price ceiling at 100 as P = 90
 
Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

The post The market demand and supply functions for a product are as follows:Qd= 400 – 2PQs= 3P – 50 What would be the impact of a price ceiling at 100, explain ? I found the P= 90, Qd = Qs = 220 but I do not know how to set up price ceiling at 100 as P = 90 appeared first on Superb Professors.

"Order a Custom Paper on Similar Assignment! No Plagiarism! Enjoy 20% Discount"

No related posts.