The supply of measles vaccine is given by Q = 450 × P. The demand for measles vaccine is given by Q.
The provide of measles vaccine is loving by Q = 450 × P. The require for measles vaccine is loving by Q = 20,000 − 50 × P.
a. What is the market makeweight cost and quantity?
b. The require incurvation implies that private willingness to pay is P = 400 − Q/50. However, apparent benefits are associated delay each measles vaccination, so the collective require incurvation is Q = 20,000 − 50 × (P − 5). What are the makeweight cost and quantity if these apparent benefits are considered?
c. Propose an intercession that conquer result in this makeweight size.