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assume that the market for good X is defined as follows: Qd = 64 - 16p and Qs+ 16p - 8 if the government imposes

assume that the market for good X is defined as follows: Qd = 64 - 16p and Qs+ 16p - 8 if the government imposes a price floor at $3.00 what is the welfare associated with this policy?

a: 32

b:16

c:48

d:9

E $64

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