Question 1 Not yet answered Marked out of 2.00 P Flag question Consider the following model of a Marshallian market: (De
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Question 1 Not yet answered Marked out of 2.00 P Flag question Consider the following model of a Marshallian market: (De
Question 1 Not yet answered Marked out of 2.00 P Flag question Consider the following model of a Marshallian market: (Demand) 9 = 180 - 1.5p (Supply) q= 6 +1.5p Given this information we can determine that the equilibrium price will be $ 58 and the equilibrium quantity will be 93 If the Government sets a price above the equilibrium price there would be a surplus . in the market.