This is a CSR project, and choose to nestle as our company Note: Please give answer on mentioned words (must add intext citation) and required
Determine the excess supply at the floor price
Consider a market where supply and demand are given by QxS= -16+ Px — Supply curve
QxD=92-2Px — Demand Curve
Suppose that the government imposes a price floor of $40 and agrees to purchase any and all units consumers do not buy at the floor price of $40 per unit.
Determine the excess supply at the floor price.
Determine the cost to the government of buying all unsold units of the good
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