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In the market for lattes, researchers have estimated the following demand and supply curves. Demand: P= 95 - 0.3Q Supply: P= 0.015Q If the government,
In the market for lattes, researchers have estimated the following demand and supply curves. Demand: P= 95 - 0.3Q Supply: P= 0.015Q If the government, worried about the profitability of the coffee business, imposes a price floor in the market of $5.50. What is the size of the market surplus?(round your answer to include 2 decimal places)
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