A market is represented by Q 20P- 2,180 and Q-5,260-30P where Q is measured in tonnes and P is measured in dollars/tonne. At the current market price is $142/tonne, then there is excess supply (or a surplus) of 340 tonnes. demand (or a shortage) of 136 tonnes. demand (or a shortage) of 340 tonnes. supply (or a surplus) of 1,000 tonnes. supply (or a surplus) of 136 tonnes. supply (or a surplus) of 204 tonnes. demand (or a shortage) of 1,000 tonnes. demand (or a shortage) of 204 tonnes., supply (or a surplus) of 660 tonnes. demand (or a shortage) of 660 tonnes.

A market is represented by Q 20P- 2,180 and Q-5,260-30P where Q is measured in tonnes and P is measured in dollars/tonne. At the current market price is $142/tonne, then there is excess supply (or a surplus) of 340 tonnes. demand (or a shortage) of 136 tonnes. demand (or a shortage) of 340 tonnes. supply (or a surplus) of 1,000 tonnes. supply (or a surplus) of 136 tonnes. supply (or a surplus) of 204 tonnes. demand (or a shortage) of 1,000 tonnes. demand (or a shortage) of 204 tonnes., supply (or a surplus) of 660 tonnes. demand (or a shortage) of 660 tonnes.

Microeconomics: Principles & Policy

14th Edition

ISBN:9781337794992

Author:William J. Baumol, Alan S. Blinder, John L. Solow

Publisher:William J. Baumol, Alan S. Blinder, John L. Solow

Chapter16: Externalities, The Environment, And Natural Resources

Section: Chapter Questions

Problem 4DQ

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