-The table below shows the market for fuji apples in the country of Westchester.
a)What is the equilibrium values of price and quantity? Suppose that the government imposes a price floor which is $0.50 different form the present equilibrium price.
b)What is the resulting shortage/surplus? Suppose,instead that the government imposes a price ceiling that is $1 different from the present equilibrium price.
c)What would be the resulting shortage/surplus?

Question

-The table below shows the market for fuji apples in the country of Westchester.
  a)What is the equilibrium values of price and quantity? Suppose that the government imposes a price floor which is $0.50 different form the present equilibrium price.
b)What is the resulting shortage/surplus? Suppose,instead that the government imposes a price ceiling that is $1 different from the present equilibrium price.
c)What would be the resulting shortage/surplus?

Quizplus · Accepted Answer

The Answer of 
-The table below shows the market for fuji apples in the country of Westchester.
  a)What is the equilibrium values of price and quantity? Suppose that the government imposes a price floor which is $0.50 different form the present equilibrium price.
b)What is the resulting shortage/surplus? Suppose,instead that the government imposes a price ceiling that is $1 different from the present equilibrium price.
c)What would be the resulting shortage/surplus?

-The Table Below Shows the Market for Fuji Apples in the Country