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QUESTION 7 Construct a market for aluminum assuming the equilibrium price is 250 per pound and both supply and demand have some elasticity. Change the

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QUESTION 7 Construct a market for aluminum assuming the equilibrium price is 250 per pound and both supply and demand have some elasticity. Change the market for aluminum assuming the government decides a domestic aluminum industry is essential to the economy and sets a legally allowed minimum price for domestic aluminum at 50c per pound

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