Homework answers / question archive / If P=100-2Q, and p=2Q, how do you find the surplus of units? Suppose that the inverse demand equation is p=100-2Q, and the supply equation is p=20

If P=100-2Q, and p=2Q, how do you find the surplus of units? Suppose that the inverse demand equation is p=100-2Q, and the supply equation is p=20

Economics

Share With

If P=100-2Q, and p=2Q, how do you find the surplus of units? Suppose that the inverse demand equation is p=100-2Q, and the supply equation is p=20. If the price is controlled at $55, this is a price floor. In this market. there will be a surplus of how many units (enter your response as a real number rounded to one decimal place)?