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harkovskaia [24]
3 years ago
14

Exhibit 4-9 Price of Good X Quantity Demanded Quantity Supplied $10 220 90 11 200 100 12 180 130 13 150 150 14 120 190 15 80 260

Refer to Exhibit 4-9. Suppose that the government imposes a price ceiling at a price of $11. How many fewer units would be exchanged at the price ceiling than would be exchanged at the equilibrium price?
Business
1 answer:
Vsevolod [243]3 years ago
5 0

Answer:

The market of good X will experiment a decrease of 50 units in the untis available as will drop to 100 units from 150

Explanation:

Price Qd Qs

10       220 90

<em>11       200 100</em>

12        180  130

<em>13        150 150</em>

14        120 190

15        80 260

At a celling of $11 dollars the people would demand for 200 untis but suppliers will only be willing to produce and sell 100 untis.

The equilibrium price of $13 match for 150 units

Therefore,the decrease will be 50 units

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Mike and Tom debone chicken breasts for Ted's Chicken Co. Mike is new and can only debone 30 chicken breasts per hour, while Tom
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Answer:

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