The demand and supply equations for donuts

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The demand and supply equations for donuts are: Q = 160 – 4P and Q = -20 + 2P

a. Find the deadweight loss that would occur if a price ceiling of 22 were introduced.

b. If scarcity was to disappear and donuts were free, how many donuts would people want?

Reference no: EM13735457

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The demand and supply equations for donuts : The demand and supply equations for donuts are: Q = 160 – 4P and Q = -20 + 2P. Find the deadweight loss that would occur if a price ceiling of 22 were introduced. If scarcity was to disappear and donuts were free, how many donuts would people want?

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