35. Catharine the Great's Russia's demand for candy is given as QD = 200 3*Price...
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35. Catharine the Great's Russia's demand for candy is given as QD = 200 – 3*Price while supply is given as QS = 2*Price + 100. Which legally imposed price would constitute a binding price floor? a. $10 b. $15 c. $20 d. $25 36. Demand in the market for woodchucks chucking wood is given as Q 200- 3*Price while the supply of woodchucks chucking wood is given as Q 2*Price + 100. Which legally imposed price would constitute a binding price floor if a woodchuck would chuck wood? a. $10 b. $20 c. $50 d. $70 37. Demand for Viagra in a bougie setting is given as Q" P+ 10. Which legally imposed price would constitute a binding price floor? a. $5 b. $10 c. $30 = 100 – 2P while the supply of Viagra is given as Q d. $50 38. Fentanyl supply in a legal market is represented by Q = 4*P while the accompanying demand is given as QP = 300 – 6*P. Which price would constitute a legal binding price ceiling? a. $fifty b. Sforty c. Sthirty d. Stwenty 39. Toilet paper's demand function in the world of coronavirus is QD = 75 minus P supply is Q° = 3P plus 15. Which legally imposed price would constitute a binding price ceiling? $five b. $fifteen а. c. $twentyfive d. Sthirtyfive 40. Hand sanitizer supply on Amazon is given as Q 2P+ 40 while the accompanying demand is given as Q = 220 – 4P. Which legally imposed price represents a binding price floor? $20 b. $30 c. $40 d. $60 а. 35. Catharine the Great's Russia's demand for candy is given as QD = 200 – 3*Price while supply is given as QS = 2*Price + 100. Which legally imposed price would constitute a binding price floor? a. $10 b. $15 c. $20 d. $25 36. Demand in the market for woodchucks chucking wood is given as Q 200- 3*Price while the supply of woodchucks chucking wood is given as Q 2*Price + 100. Which legally imposed price would constitute a binding price floor if a woodchuck would chuck wood? a. $10 b. $20 c. $50 d. $70 37. Demand for Viagra in a bougie setting is given as Q" P+ 10. Which legally imposed price would constitute a binding price floor? a. $5 b. $10 c. $30 = 100 – 2P while the supply of Viagra is given as Q d. $50 38. Fentanyl supply in a legal market is represented by Q = 4*P while the accompanying demand is given as QP = 300 – 6*P. Which price would constitute a legal binding price ceiling? a. $fifty b. Sforty c. Sthirty d. Stwenty 39. Toilet paper's demand function in the world of coronavirus is QD = 75 minus P supply is Q° = 3P plus 15. Which legally imposed price would constitute a binding price ceiling? $five b. $fifteen а. c. $twentyfive d. Sthirtyfive 40. Hand sanitizer supply on Amazon is given as Q 2P+ 40 while the accompanying demand is given as Q = 220 – 4P. Which legally imposed price represents a binding price floor? $20 b. $30 c. $40 d. $60 а.
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Managerial Economics Theory Applications and Cases
ISBN: 978-0393912777
8th edition
Authors: Bruce Allen, Keith Weigelt, Neil A. Doherty, Edwin Mansfield
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