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Assume that 2020 Supply of rice: QS = 1800 + 240P. Demand for rice: QD = 3550 - 266P. What is the market clearing price?

Assume that 2020 Supply of rice: QS = 1800 + 240P. Demand for rice: QD = 3550 - 266P. What is the market clearing price? Assume now that government fixes a floor price of Taka 3.90/kg Find the change in consumer surplus and producer surplus as well as the dead weight loss for this intervention. [4]

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