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The demand function in @ market fallows QF (P} = 86 0.5 While the supply function in the same market followes f?ci.ri 4+ 0.1P Fill
The demand function in @ market fallows QF (P} = 86 0.5 While the supply function in the same market followes f?ci.ri 4+ 0.1P Fill in the blanks: &1} The market clearing price will be: [(A2) The equilibrium gquantity will be: units (A3} The consumer surplus will be (44} The producer surplus will be: For the {B) iterms, azsume there is a price floor of 3154 (B1) The effective market price will be: b (B2) The quantity traded will be: units (B3) There will be a surplus of units [Bd] The consumer surplus will be: [B5] The praducer surplus will be: For the {C) iterms, assume there is a price floor of 351 [C1) The effective market price will be: [C2) The quantity traded will be: units [C3] There will be a surplus of units
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