question archive Suppose the demand and supply of chickens is given by A
Suppose the demand and supply of chickens is given by A
Subject:MarketingPrice:2.88 Bought3
Suppose the demand and supply of chickens is given by
A. Find the equilibrium price and quantity of chickens.
B. Suppose a quota of 4,000 chickens is imposed on the market. Find the new equilibrium price and quantity of chickens.
C. Are consumers made better or worse off? What about producers?
