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1. Given the demand and supply system: Pb = 90 - 5 Qb & Pv =...

1. Given the demand and supply system: Pb = 90 - 5 Qb & Pv = 4 + 3 Qv
At a price-ceiling of P^ = 11 , how much excess demand exists ?

2. Given the demand and supply system: Pb = 90 - 5 Qb & Pv = 4 + 3 Qv
At a price-ceiling of P^ = 11 , how much of the good will be traded ?

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