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J. a 1. Draw a graph of the market for haircuts with an equilibrium price at $25 and equilibrium quantity of 50,000 per day. a.

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J. a 1. Draw a graph of the market for haircuts with an equilibrium price at $25 and equilibrium quantity of 50,000 per day. a. Show and explain what will happen if the government sets a price ceiling at $40 per haircut. b. Show and explain what will happen if the government sets a price ceiling at $15 per haircut

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