Determine how many donuts would people want


The supply and demand equations for donuts are: Q = 160 - 4P and Q = -20 + 2P

1. Identify the deadweight loss that would occur if a price ceiling of the 22 were introduced.

2. If scarcities were to disappear and donuts were free, determine how many donuts would people want?

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Macroeconomics: Determine how many donuts would people want
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