Evaluate the market if government intervention imposes a


Consider a competitive market for apples. Demand is given by the relation: Qd = 100 - 6P, whereas supply is given by the relation Qs = 50 + 4P. Evaluate the free market by finding the equilibrium price and quantity. Evaluate the market if government intervention imposes a price of $4, and then evaluate the market if government intervention imposes a price of $6

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Microeconomics: Evaluate the market if government intervention imposes a
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