What type of restriction is this

Reference no: EM13871712

Question:

If the equilibrium price of Frisbees is $8 the equilibrium of supply an demand is 6. a price of $2 above equilibrium price is imposed. a)what type of restriction is this (b)what is the new market price (c)How many frisbees are sold

Reference no: EM13871712

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What type of restriction is this : If the equilibrium price of Frisbees is $8 the equilibrium of supply an demand is 6. a price of $2 above equilibrium price is imposed. a)what type of restriction is this (b)what is the new market price (c)How many frisbees are sold

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