Calculating equilibrium price and shortages?
Can you go over the example on coats from this video: "Price Ceilings: Lines and Search Costs" ? All three of the questions would be helpful (calculating equilibrium, shortages, and waiting in line).
J.T.
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anisa putri commented
Calculating the equilibrium price is calculating the meeting point between the demand and supply of goods or services. The equilibrium price is also called the market price or equilibrium price.https://vipmeja.me/
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