Homework Help: Econ - please help

Posted by Sushmitha on Tuesday, November 15, 2011 at 10:26am.

demand for sulfur dioxide by coal-fired electricity electricity producers is: P= 1,000 - 16Q where Q is quantity of sulfur dioxide measured in thousands of tons, and P is price per ton of sulfur dioxide.

Supposed EPA restricted the number of one-ton sulfur dioxide permits to 50,000.What would be the price of sulfur permits once all permits are traded?

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