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Solve clearly.. show your work. don't copy from internet. 10. (Figure: Price Ceiling) Refer to the figure. This market has a price ceiling of $15

Solve clearly.. show your work.don't copy from internet.

10. (Figure: Price Ceiling) Refer to the figure. This market has a price ceiling of $15 and the good is rationed via queues. Calculate the value of wasted time. $17 $16 $15 470 490 510 a. $470 b. $940 c. $960 d. $1 020

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