Suppose the market demand and supply curves are given asQd= 100-2p andQs= 5+3p. If a price floor

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Suppose the market demand and supply curves are given asQd= 100-2p andQs= 5+3p. If a price floor is imposed at $22, there will be a:

Surplus of 22

Shortage of 22

Shortageof 56

Surplus of 46

Posted Date: Jun 22, 2024 09:05 PM

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Suppose the market demand and supply curves are given asQd= 100-2p andQs= 5+3p. If a price floor

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