Fill in the blanks below with decimal numbers (not fractions):

Suppose the demand for a product can be modeled with the equation P = 100 − 2Q and the corresponding supply curve can be modeled with P = 3Q.

In equilibrium, _____________units of the good will be sold at a price of $ ________each.

At $66, the quantity demanded is __________units.

At $51, the quantity supplied is ________units

The deadweight loss of a $66 price floor would be $_________

"Get 15% discount on your first 3 orders with us"
Use the following coupon

Order Now