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Supply; Q5 15.90 + 072106 + 0.05490 Demand: an 0.02 1.8198 + 0.601% where GS and DD are the quantities supplied and demanded. each measured

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Supply; Q5 15.90 + 072106 + 0.05490 Demand: an 0.02 1.8198 + 0.601% where GS and DD are the quantities supplied and demanded. each measured in trillion cubic feet [ch], PG is the price of natural gas in dollars per thousand cubic feet {$lmcf}. and PO is the price of oil in dollars per barrel ( lb). ltthe price of oil were 565.00 per barrel. what would be the freemarket price of gas? With a $65.00 price of oil per barrel. the free-market price of gas would be 5 10.21 per thousand cubic foot. {Enter your response rounded to two decimal places.) How large a deadweight loss would result if the maximum allowable price of natural gas were $4.00 per thousand cubic feet? Deadweight loss ifthe price of natural gas were regulated to be 54.00 would be $ 19.38 billion. {Enteryour response rounded to two decimal places.) What price of oil would yield a tree-market price of natural gas of 54.00? The tree-market price of natural gas would be $4.00 ifthe price of oil were SD. (Enter your response rounded to two decimal places.)

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