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the question based on the following supply and demand schedules in units per week for a product. Price Quantity Demanded Quantity Supplied $ 100 140
the question based on the following supply and demand schedules in units per week for a product. Price Quantity Demanded Quantity Supplied $ 100 140 440 90 180 380 80 220 320 70 260 260 60 300 200 50 340 140 If the government introduced a guaranteed price floor of $80 and agreed to purchase surplus output, then the government's total support payments to producers would be Multiple Choice $8,000 per week. $6,500 per week. $7,000 per week. $7,500 per week
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