Scenario 6-1
Suppose that demand in the market for good X is given by the equation and that supply in the market for good X is given by the equation
-The following table shows the demand and supply schedules in a particular market.
If the government sets a price floor $2 above the equilibrium price,how many units will be sold in this market?

Question

Scenario 6-1
Suppose that demand in the market for good X is given by the equation  and that supply in the market for good X is given by the equation 
-The following table shows the demand and supply schedules in a particular market.
  If the government sets a price floor $2 above the equilibrium price,how many units will be sold in this market?

Quizplus · Accepted Answer

The Answer of Scenario 6-1
Suppose that demand in the market for good X is given by the equation  and that supply in the market for good X is given by the equation 
-The following table shows the demand and supply schedules in a particular market.
  If the government sets a price floor $2 above the equilibrium price,how many units will be sold in this market?

Scenario 6-1 Suppose That Demand in the Market for Good X Is