Let (inverse) demand be Pb = XXXXXXXXXXQb and (inverse) supply be Pv = XXXXXXXXXXQv. Consider the PRICE FLOOR (P_high), how much will CONSUMERS purchase? Let (inverse) demand be Pb = XXXXXXXXXXQb and...

Let (inverse) demand be Pb = 120 - 3 Qb and (inverse) supply be Pv = 28 + 1 Qv. Consider the PRICE FLOOR (P_high), how much will CONSUMERS purchase?
Let (inverse) demand be Pb = 119 - 3 Qb and (inverse) supply be Pv = 32 + 2 Qv. What is the quantity supplied at P_high?


Let (inverse) demand be Pb = 92 - 2 Qb and (inverse) supply be Pv = 21 + 3 Qv. How much excess supply exists at P_high?


Let (inverse) demand be Pb = 88 - 5 Qb and (inverse) supply be Pv = 16 + 3 Qv. How large is the (quantity) surplus at P_high?


Let (inverse) demand be Pb = 117 - 3 Qb and (inverse) supply be Pv = 25 + 3 Qv. Assuming that all trade is voluntary, how many units will be traded at P_high?


Let (inverse) demand be Pb = 103 - 5 Qb and (inverse) supply be Pv = 17 + 3 Qv. How many units will suppliers attempt to sell at P_high?


Let (inverse) demand be Pb = 111 - 7 Qb and (inverse) supply be Pv = 20 + 2 Qv. After all transactions at P_high, how many units will be left in inventory of suppliers?


Let (inverse) demand be Pb = 86 - 2 Qb and (inverse) supply be Pv = 26 + 2 Qv. From P_high what direction will the price move ? (1) Price will increase; (2) Price will decrease; (3) Price will remain at P_high; (4) Price will not move; (5) None of the above.


Let (inverse) demand be Pb = 82 - 2 Qb and (inverse) supply be Pv = 24 + 2 Qv. Consider P_high, as the market moves to equilibrium, how much additional trade will occur?


Let (inverse) demand be Pb = 101 - 1 Qb and (inverse) supply be Pv = 33 + 2 Qv. Consider P_high, as the market moves to equilibrium, what price will prevail?