If the college put a price ceiling on meals at 7 a meal


Question: The table sets out the demand and supply schedules for college meals:

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a. What are the equilibrium meal price and equilibrium quantity of meals?

b. If the college put a price ceiling on meals at $7 a meal, what is the price students pay for a meal? How many meals do they buy?

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Microeconomics: If the college put a price ceiling on meals at 7 a meal
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