Question

The market for DVDs has supply and demand curves given by Ps = 2Qs and Pd = 42 - Qd, respectively.
a. How many units will be traded at a price of $35? At a price of $14? Which participants will be dissatisfied at these prices?
b. What quantity of DVDs at what price will be sold in equilibrium?
c. What is the total revenue from DVD sales?



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  • CreatedDecember 12, 2014
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