The supply and demand functions are given as follows: Qx = 2/3P + 150 and Qx= -1/3P + 450 If the government imposes a price ceiling of $120, the resulting excess demand(or shortage) will be?

After much consideration, you have chosen cancun over ft. lauderdale as your spring break destination this year. however, spring break is still months away, and you may reverse this decision. which of the following events would prompt you to reverse this decision? a. the marginal cost of going to cancun decreases.b. the marginal cost of going to ft. lauderdale decreases.c. the marginal benefit of going to cancun increases.d. the marginal benefit of going to ft. lauderdale decreases.