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Suppose the demand equation is given by P=10-Q and the supply equation is given by 50. P=2+Q. If the quantity bought and sold under a
Suppose the demand equation is given by P=10-Q and the supply equation is given by 50. P=2+Q. If the quantity bought and sold under a price floor is Q=2, what is the price floor? A) $6 B) $8 C) $4 D) $2
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