Consider a market for fish whose market demand and market, Ask an Expert

Economics

Consider a market for fish whose market demand and market supply for fish are specified as Qd = 300 - 2.5 P and Qs = - 20 + 1.5 P respectively. The government decides to impose a price floor of $50 per ton. What would be the resulting market distortion?

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9605167

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