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A perfectly competitive market is initially at an equilibrium. If the market supply equation is P (Q3) 2 11 + i623 and the market demand
A perfectly competitive market is initially at an equilibrium. If the market supply equation is P (Q3) 2 11 + i623 and the market demand equation is P (Q9) 2 Q5 $625 there are Price units of output sold and the market price of each good is $ Supply Demand Qoar ch Quantity Now suppose the government decides to introduce a price oor or price minimum of $48. As a result of this policy, only units of output are produced. With the price floor in place, dead weight loss equal to areals) now exists in the market. View the option choices below and select the letter which best completes the sentence. Choose from: a, b, c, d, e, 1'. Make sure you are typing in your answer exactly as provided in the answer options. a.B+C Now suppose the government decides to introduce a price oor or price minimum of $48. As a result of this policy, only units of output are produced. With the price floor in place, dead weight loss equal to areals) now exists in the market. View the option choices below and select the letter which best completes the sentence. Choose from: a, b, c, d, e, f. Make sure you are typing in your answer exactly as provided in the answer options. a.B+C b.C+D c.A+B+C d.D+E e.B+D 1'. none of the above - there is no DWL
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