Pearson eText Microeconomics -- Access Card
Pearson eText Microeconomics -- Access Card
7th Edition
ISBN: 9780136850045
Author: Hubbard, Glenn, O'Brien, Anthony
Publisher: PEARSON
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Chapter 4, Problem 4.3.18PA

Sub part (a):

To determine

The impact of price ceiling during war scarcity.

Sub part (b):

To determine

The impact of new price ceiling introduced by government.

Sub part (c):

To determine

The impact of black market.

Sub part (d):

To determine

The impact on consumer surplus.

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17. Given that C=$700+0.8Y, I=$300, G=$600, what is Y if Y=C+I+G?

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Pearson eText Microeconomics -- Access Card

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