Question: How can I solve this question base on this equation? A=5+1/2=5.5 B=9/2+0.1=4.6 If this is a binding price ceiling, does it lead to a shortage
How can I solve this question base on this equation?
A=5+1/2=5.5 B=9/2+0.1=4.6
If this is a binding price ceiling, does it lead to a shortage or a surplus of donuts? If so, calculate the amount of this shortage or surplus.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
