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Suppose market demand is Q = 100 - 10P and market supply is QS = 35 + 10P. The market equilibrium price is $ and
Suppose market demand is Q = 100 - 10P and market supply is QS = 35 + 10P. The market equilibrium price is $ and the equilibrium quantity is units. (Enter your responses rounded to two decimal places.) Suppose the government institutes a price floor of $3.75. The price floor will results in a of units. (Enter your response as a whole number.)
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