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Business, 27.12.2019 05:31 shiba8667

Suppose the inverse demand equation for taxi is p = 100 − 2q and the inverse supply equation is p = 2q. suppose there’s a policy that restricts the price to be at least $65. 1. which of the following statements is correct? a. the market equilibrium price will be 70. b. there will be no excess demand or excess supply. c. there will be an excess demand of 15 units. d. there will be an excess supply of 15 units.

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Suppose the inverse demand equation for taxi is p = 100 − 2q and the inverse supply equation is p =...
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