Suppose instead of a tax the government sells 60 permits. a. If the price were $24, L
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Suppose instead of a tax the government sells 60 permits.
a. If the price were $24, L would demand ______ and H would demand ______.
b. If the price were $48, L would demand ______ and H would demand ______.
c. Thus, the price would turn out to be $ ______.
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