Let QD= -2p + 10 and QS= 8p - 10.Suppose the government imposes a price floor of

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Let QD= -2p + 10 and QS= 8p - 10.Suppose the government imposes a price floor of $4.What will be the effect on the market?

There will be a shortage of 20 units

There will be a surplus of 20 units

There will be a shortage of 10 units

There will be a surplus of 10 units

Posted Date: Jun 22, 2024 10:02 AM

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Let QD= -2p + 10 and QS= 8p - 10.Suppose the government imposes a price floor of

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