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How many crates of apples will be sold after the price floor has been imposed? Will there be a shortage or surplus and how much

How many crates of apples will be sold after the price floor has been imposed?

Will there be a shortage or surplus and how much per year?

Will apple producers benefit from the price floor?

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Score: 0 of 2 pts 11 of 13 (10 complete) HW Score: 67.5%, 13.5 of 20 p End of Chapter 3.5 Question Help The figure to the right illustrates the market for apples in which the government has imposed a price floor of $13 per crate. 20- O How many crates of apples will be sold after the price floor has been imposed? 14 million crates of apples 18- per year. (Enter your response as an integer.) Supply Price Demand 8 12 16 20 24 28 32 36 40 Quantity (millions of crates per year)

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