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Business, 28.02.2020 01:17 fespinoza019

Suppose market demand and supply are given by Qd = 100 − 2P and Qs = 5 + 3P. If the government sets a price floor of $30 and agrees to purchase all surplus at $30 per unit, the total cost to the government will be:
(A) 1650
(B) 1375
(C) 900
(D) 1125

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Suppose market demand and supply are given by Qd = 100 − 2P and Qs = 5 + 3P. If the government sets...
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