Mathematics, 22.09.2021 14:20 SkyDoki

Help me please! Assign
. In a coffee market
. Qd = -2P+120, Qs=3P - 30
. Determine the equilibrium quantity and price. What is the sum of producer revenue and consumer spending?
. Assuming the government sets a floor price of $40 determine the excess. If the government want to buy back the surplus, how much money should it spend?
. How does the floor price policy change PS and CS?
. Assuming the government sets a ceiling price of $28, determine the shortage. How does the ceiling price change PS and CS?

Help me please!

Assign
. In a coffee market
. Qd = -2P+120, Qs=3P - 30
. Determine the equilibri

Answers: 3

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Help me please! Assign
. In a coffee market
. Qd = -2P+120, Qs=3P - 30
. Determ...