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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:
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
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The American Economy
Authors: Walter Greason, William Gorman
1st Edition
1524902675, 9781524902674
