Question: 2. Pd = 100 - 0.5Q and Ps = 10 +Q a, equilibrium? b, price elasticity of demand and supply at equilibrium c, calculate TR

2. Pd = 100 - 0.5Q and Ps = 10 +Q a, equilibrium? b, price elasticity of demand and supply at equilibrium c, calculate TR and this firm should increase or not in this case d, draw the graph with the market price is 60?

5. Qd = 100 - 2P and Qs = 50 a, equilibrium? b, If the government set the price ceiling is 30, what happen to this market? Illustrate this situation by the graph? c, If the government set the price floor is 30, what happen to this market? Illustrate this situation by the graph?

4. Qd = 200 - 2P and Qs = 50 +P a, equilibrium? b, If the government set the price ceiling is 30, what happen to this market? Illustrate this situation by the graph? c, If the government set the price floor is 30, what happen to this market? Illustrate this situation by the graph?

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