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for the demand and supply functions: P=220-2Q P=40+4Q 1.what is equilibrium P and Q 2.what is the total Surplus 3.if the government implemented P=200.Plot the

for the demand and supply functions:

P=220-2Q

P=40+4Q

1.what is equilibrium P and Q

2.what is the total Surplus

3.if the government implemented P=200.Plot the graph. Is this a price ceiling or a price floor?How do you know? Will shortage or surplus occur?How much?

4.if the government implemented P=100.Plot graph. Is this a price ceiling or a price floor?How do you know? Will shortage or surplus occur?How much?

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