The demand and supply equations for donuts are q 160 ndash, Business Economics

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The demand and supply equations for donuts are q 160 ndash

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

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

b. If scarcity was to disappear and donuts were free, how many donuts would people want?

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Business Economics: The demand and supply equations for donuts are q 160 ndash

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Business Economics: The demand and supply equations for donuts are q 160 ndash

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