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Q11: (10%) Assume the demand function and the supply functions for 24-can beer case in Houston are: Demand: Qp = 1,000 - 50P
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as for equilibium Qozos) 1000-50p = 40p-too gou- gop Jp = $10 equiligrim price Q = 40pt loo - Yoxlof leo TO e 500 equilibriumhihen; a boire Ceiling is set below the earliblm sice of $8 then there will be Stofage because Demard exceeds Supply s

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