Chauncy8877 Chauncy8877

04-03-2019
Business

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Ew york decides to reduce the consumption of sugary soda by imposing a minimum price of $2.50 per soda. the current equilibrium price is $1.50. using the double arrow line tool, show the difference between the quantity supplied and quantity demanded when the market price of soda is $2.50. properly label this difference.

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MrCreighton MrCreighton

04-03-2019

We cannot draw on this forum, but there would be a shift in demand and quantity and the equilibrium point would be shift higher.

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