The following are the equations for the supply and demand curves in the market for weezils: where Q _d is the quantity demanded, Q _s is the quantity supplied, and P is the price per weezil in dollars.
Refer to Exhibit 4-1. If the government imposes a price floor of $4 a weezil, how many weezils will be sold?

Question

The following are the equations for the supply and demand curves in the market for weezils:

where Q _d is the quantity demanded, Q _s is the quantity supplied, and P is the price per weezil in dollars.
Refer to Exhibit 4-1. If the government imposes a price floor of $4 a weezil, how many weezils will be sold?

Quizplus · Accepted Answer

The Answer of The following are the equations for the supply and demand curves in the market for weezils: where Q _d is the quantity demanded, Q _s is the quantity supplied, and P is the price per weezil in dollars. Refer to Exhibit 4-1. If the government imposes a price floor of $4 a weezil, how many weezils will be sold? A)5 B)10 C)12 D)14

The Following Are the Equations for the Supply and Demand