The inverse demand for rye bread is p10-q10 and the supply


The inverse demand for rye bread is p+10-(q/10) and the supply function is q=10+5p, where p is the price in dollars and q is loaves of bread. What is the equilibrium price? The king made is illegal to sell rye bread for a price above 5 dollars per loaf. To avoid shortages, he agreed to pay bakers enough of a subsidy for each loaf of bread so as to make supply equal demand. How much would the subsidy per loaf have to be?

(I know what the answer if but I can't figure out how they go there! Please show how you got your answer)

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Business Management: The inverse demand for rye bread is p10-q10 and the supply
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