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For, demand and supplus Qd=80-4P, Qs=10+3P a)what is the equilibrium price and quantity? b)what is the excess demand if there is a price ceiling of

For, demand and supplus Qd=80-4P, Qs=10+3P

a)what is the equilibrium price and quantity?

b)what is the excess demand if there is a price ceiling of $5?

c)what is the excess demand if there is a price ceiling of $12?

d)what is the excess supply if there is a price floor of 5?

e)what is the excess demand if there is a price floor of $12?

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