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The demand for wheat is given by: QD= 280 -P . The supply of wheat is given by: QS= 6P -280 . Suppose the government
The demand for wheat is given by:QD= 280 -P. The supply of wheat is given by:QS= 6P -280. Suppose the government imposes a a price ceiling of$64.
Calculate the dollar amount ofconsumer surplusfrom the price ceiling.
(Do not include a $ sign in your response. Round to the nearest two decimal places if necessary.)
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