David also ellen live in rent-controlled apartments

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Q. Assume the marketplace demand for pizza is given by Qd = 300 20P also the marketplace supply for pizza is given by Qs = 20P 100, where P = cost (per pizza). In equilibrium, how so many pizzas would be sold also at illustrate what cost? Illustrate what would happen if suppliers set the cost of pizza at $15? Elucidate the marketplace adjustment process.

Q. If David also Ellen live in rent-controlled apartments, illustrate what is the equilibrium cost for the non-rent-controlled apartments?

Reference no: EM1321574

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