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1. For the following market: a. Graph the original market and calculate the market equilibrium b. On the same graph as (a), graph the impact

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1. For the following market: a. Graph the original market and calculate the market equilibrium b. On the same graph as (a), graph the impact of a Price Ceiling = 20, and find the new price and quantity sold in the market c. Calculate the amount of minimum deadweight welfare loss (DWL) as a result of the price ceiling. QD = 100-2*p Qs = 2*p- 20 [assume Qs = 0 for p

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