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Uploaded: 10.08.2014
Content: 40810201044883.docx (13,89 kB)
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The demand function for this product has the form Qd = 4 – P and supply function Qs = -6 + 4P. Suppose the government set a fixed price on this product:
a) 3. of the goods;
b) 1,5 roubles for unit of product.
To determine the excess demand and excess supply, as well as actual sales in equilibrium and at fixed prices. In which of these cases, the consumption will be greatest and why?

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