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18.A free market has a demand curve Q d = 500 - 5p and a supply curve Q s = - 250 + 5p Consider

18.A free market has a demand curve Qd = 500 - 5p and a supply curve Qs = - 250 + 5p Consider a controlled price of $75 was implemented to this free market.

What are the effects to the market due to the implementation of the controlled price?(* is this considered a price floor or a price ceiling*) SHOW FINAL ANSWER IN GRAPH FORM

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