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9. You’re given the following supply and demand tables:Demand SupplyP Q P Q$ 0 1,200 $ 0 02 900 2 04 600 4 1506 300 6 3008 0 8 60010 0 10 60012 0 12 75014 0 14 900a. What is equilibrium price and quantity in a market system with no interferences?b. If this were a third-party-payer market where the consumer pays $2, what is the quantity demanded? What is the price charged by the seller?c. What is total spending in the two situations described in a and b?
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