In 2020, the total demand for Comté cheese was Q=3250-283P and the domestic supply was Qs=1940 +207P. At the end of 2015, the United States opened their cheese market to France cheese producers. Suppose that the American market add 180 million Brie cheeses to France cheese demand. What will be the free-market price of Brie and what quantity will be produced and sold by French cheese makers?

In 2020, the total demand for Comté cheese was Q=3250-283P and the domestic supply was Qs=1940 +207P. At the end of 2015, the United States opened their cheese market to France cheese producers. Suppose that the American market add 180 million Brie cheeses to France cheese demand. What will be the free-market price of Brie and what quantity will be produced and sold by French cheese makers?

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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