Question: The table gives the demand and supply schedules for sunscreen. Sunscreen factories are required to limit production to 100 bottles a day. a. What is

The table gives the demand and supply schedules for sunscreen.

Sunscreen factories are required to limit production to 100 bottles a day.
a. What is the maximum price that consumers are willing to pay for the 100th bottle?
b. What is the minimum price that producers are willing to accept for the 100th bottle?
c. Describe the situation in this market.

Quantity Quantity eanded 0 Price dollars per bottle) bottles per day) 400 300 200 100 100 200 300 400 10 15

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