Business, 10.03.2020 07:37 hma9153

The Organization for the Promotion of Brussels Sprouts has convinced the government of Ironia to institute a price floor on the sale of Brussels sprouts, at $8 per bushel. Demand is given by:P = 9 – Qand supply by:P = 2Q, where Q is measured in thousands of bushels. At market equilibrium, the price is $ per bushel, and the equilibrium quantity is thousand bushels.

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