The cobweb theory

Delnel · 2024-08-10T03:31:22.306Z

Suppose supply decreases and the supply curve shifts from S to S1, 1)Identify a)The free market price(name it 800 or p2) b)The price that will result from government intervention (name it 400frs or p2*) c)What is the problem that results from government? d)In case of a shortage or excess,what is the value of the shortage or excess cii)How will the government solve the problem d(1)above

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The cobweb theory | Kawlo