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Textbook Notes for CBUS 001 at McGill University

MCGILLCBUS 001Sebastien BreauFall

CBUS 001 Chapter Notes - Chapter 4: Price Ceiling, Price Floor, Economic Equilibrium

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Problem set #3: market equilibrium and government intervention: a demand and supply situation for milk is given in the accompanying diagram. What is th
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MCGILLCBUS 001Sebastien BreauFall

chapter 2.doc

OC869448 Page
20
We can analyze demand and supply and market equilibrium with linear equations. These are equations of the form y = a + bx where a is the y-intercept, i
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