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Author Question: Suppose the market for potatoes can be expressed as follows: Supply: QS = -20 + 10p Demand: QD = 400 ... (Read 200 times)

amal

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Suppose the market for potatoes can be expressed as follows: Supply: QS = -20 + 10p Demand: QD = 400 - 20p Suppose the government restricts the quantity to 100 units. What will be the price of potatoes?
 
  What will be an ideal response?

Question 2

Suppose the market for potatoes can be expressed as follows: Supply: QS = -20 + 10p Demand: QD = 400 - 20p If the government sets a maximum price of 10 per unit, what will be the quantity demanded and quantity supplied?
 
  What will be an ideal response?


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ecox1012

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amal

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Reply 2 on: Jul 1, 2018
Wow, this really help


xiaomengxian

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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