2. Economics
3. consider the following equations supply q102p demand q603p c assume...

Question: consider the following equations supply q102p demand q603p c assume...

Question details

Consider the following equations: SUPPLY: Q=10+2P DEMAND: Q=60-3P

c) Assume there is not enough control from the authorities, so there is a black market. Compute the black market price. Show it on the graph.