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2. Start over again with the same initial distribution of K. The government believes that the greedy capitalist sellers are exploiting te buyers and charging

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2. Start over again with the same initial distribution of K. The government believes that the greedy capitalist sellers are exploiting te buyers and charging a price for K is too high. A law is passed setling the maximum legal price for X at $32 per unit of K. The law can be costlessly enforced such that no seller can receive a price greater than $32 for each X sold. a. At the ceiling price, how many units of X would the sellers be willing and able to sell? b. At the ceiling price, how many units of X would the buyers be willing and able to buy?I c. At the ceiling price, will there he a shortage or a surplus in the market for X? _

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