When Doug finally finished the renovation on his house he had 20 Hardie Boards left over. Brian
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Question:
When Doug finally finished the renovation on his house he had 20 Hardie Boards left over. Brian lives next door and has a demand for Hardie boards given by P = 450 − 3Q. If Doug is the only supplier, what would be the equilibrium price? If the local hardware store sells the boards for$9each, how many would Brian demand? At this lower price, what would his consumer's surplus be?
Related Book For
Taxation for Decision Makers 2017
ISBN: 9781119373735
7th edition
Authors: Shirley Dennis-Escoffier, Karen Fortin
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