Suppose that the market supply for frozen yogurt in small ville is given by Q's=2+p. The market demand for frozen yogurt is given by p=25-1.5Q
(a) find the equilibrium price and quantity
(b) graph the curves and label correct intercepts, slope and equilibrium values
(C) given a price of $12 is being regulated by the government, what Was will occur in the market? Calculate the values and show on a graph
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