Set the price of tuna to its equilibrium level now the, Managerial Economics

Set the price of tuna to its equilibrium level now the

MARKET DATA
Price of tuna	$15.00
Quantity demanded	1129
Quantity supplied	3763
Excess demand	-2634

DEMAND DATA
Income	$20,000
Price of tacos	$6.00
Price of wine	$20.00

SUPPLY DATA
Price of sauce	$3.00
Price of labor	$5.00
Per unit tax	$0.00

1. Set the price of tuna to its equilibrium level. Now the price of tacos falls to $3. At the current price of spaghetti, supply changes by what?

2. Set the price of tuna to its equilibrium level. Govt grants a subsidy of $3 per plate. What's the change in price due to the subsidy.

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Managerial Economics: Set the price of tuna to its equilibrium level now the

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Managerial Economics: Set the price of tuna to its equilibrium level now the

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