Consider the inverse demand and supply for dates to be given by P= 30-3Qd and P= 6+Qs, and the government imposes a price ceiling of $10 to protect consumers. This will increase the consumer surplus by_ and create an excess demand of Select one: A. $18.5.4.67 units. B.

Consider the inverse demand and supply for dates to be given by P= 30-3Qd and P= 6+Qs, and the government imposes a price ceiling of $10 to protect consumers. This will increase the consumer surplus by_ and create an excess demand of Select one: A. $18.5.4.67 units. B.

Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781305971509

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter6: Supply, Demand, And Government Policies

Section: Chapter Questions

Problem 10PA

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Question

Consider the inverse demand and supply for dates to be given by P= 30-3Qd and P= 6+Qs, and
the government imposes a price ceiling of $10 to protect consumers. This will increase the
consumer surplus by_
and create an excess demand of
Select one:
A.
$18.5.4.67 units.
B.

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