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could you please help with this? A market is described by the following supply and demand curves: Qs - 3P QD - 400 - P

could you please help with this?

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A market is described by the following supply and demand curves: Qs - 3P QD - 400 - P The equilibrium price is and the equilibrium quantity is Suppose the government imposes a price ceiling of $80. This price ceiling is and the market price will be The quantity supplied will be and the quantity demanded will be Therefore, a price ceiling of $80 will result in Suppose the government imposes a price floor of $80. This price floor is and the market price will be The quantity supplied will be and the quantity demanded will be Therefore, a price floor of $80 will result in Instead of a price control, the government levies a tax on producers of $40. As a result, the new supply curve is

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