Math  /  Algebra

Question2. The demand function for a certain good is given by Qd=15005PQ_{d}=1500-5 P, the supply function is: Qs=200+5PQ_{s}=200+5 P. The government decided to set the price of this good at P=140ztP=140 \mathrm{zt} and committed itself to intervene at the market to correct for the possible effects of a market disequilibrium. What will be the costs of this intervention - if any? (3)

Studdy Solution
The cost of the government intervention will be $14,000\$14,000.

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