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The Organization for the Promotion of Brussels Sprouts has convinced the government of Ironia to institute a price floor on the sale of Brussels sprouts, at $8 per bushel. Demand is given by:P = 9 – Qand supply by:P = 2Q,where Q is measured in thousands of bushels.(a) At market equilibrium, the price is $________ per bushel, and the equilibrium quantity is_______ thousand bushels.(b) With the price floor, the price is $_________ per bushel, and the quantity sold is________ thousand bushels.

Respuesta :

Answer:

a) 6+/- 2%; 3+/- 2%

b) 8+/- 2%; 1+/- 2%

c) 3+/- 2%

Explanation: