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Consider a market where demand is D:P = 60-3Q and supply is S: P = 4 + 4Q. Total surplus TS' with price ceiling of

Consider a market where demand is D:P = 60-3Q and supply is S: P = 4 + 4Q.

Total surplus TS' with price ceiling of $12 is

a. $96

b. $98

c. $100

d. $104

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