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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Question
![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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fdc47c9c2-baae-4f5f-b7ab-a8ccd1a64878%2Fa2902d3e-35c2-4e1e-afb4-e0d4d9c7cd86%2F1o5g9hq_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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.
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