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Suppose the demand for ethanol is now given by the function Q = 4 6 . 1 - 2 0 P . What do you

Suppose the demand for ethanol is now given by the function Q =46.1-20P. What do you predict will be the long-run equilibrium price of ethanol, assuming no changes in costs?
a) $1.18 per gallon
b) $1.13 per gallon
c) $1.04 per gallon
d) $1.06 per gallon

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