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please answer (A) Consider the market for Gym clothes, here's the supply function QS = 11 + 3Pg + 0P0 and the demand function: QD

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(A) Consider the market for Gym clothes, here's the supply function QS = 11 + 3Pg + 0P0 and the demand function: QD = -4Pg + 4P0. ; Where Pg and Po are the prices of Gym Clothes and Ofce clothes, respectively. If the price of ofce clothes is $6. what is the market price of Gym clothes? (B) Calculate the Willingness to Pay and the Economic Cost (C). Now, suppose the regulated price of Gym clothes is xed at $6, ceteris paribus, will there be a surplus or shortage? (D) Calculate the amount of surplusfshortage. (E) Suppose that the market for Gym clothes is not regulated anymore. If the price of Ofce clothes is increased from $6 to $10, what will be the new market price of Gym clothes

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