Elucidate what is the new market price

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Reference no: EM1353340

. Irate college students march on Washington and demand a reduction in the price of Frisbees. An even more concerned Congress votes to repeal the price floor and impose a price ceiling $ 1 below the former price floor. What is the new market price? How many Frisbees are sold? angry students marched to Washington, asked Frisbee price. Congress passed a new bill that would Frisbee is lower than the original price cap of $ 1 price cap. The new market price? New sales?

Reference no: EM1353340

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