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Q: What is the interpretation of the upper and lower bounds on the shadow price?
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Shadow the hedgehog is currently $20 new from ebgames/gamestop. You may find a lower price on ebay, although I highly doubt it.


What is an example of shadow price?

Shadow price: black market price for a good. Example: price of cigarettes from Native reserves in southern Ontario.


What are examples of shadow price and dual price?

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When the market price is lower than the equilibrium price the price of the product will continue to rise. The price will rise until it equal the equilibrium price.


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When the market price is lower than the equilibrium price the price of the product will continue to rise. The price will rise until it equal the equilibrium price.


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How do you interpret a shadow price of zero?

If there is a shadow price of zero it means it is a non binding constraint and the RHS of the constraint can be changed up to the allowable increase or decrease without changing the value of the objective function.