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The table below represents the market for livestock. Suppose there is a price floor set at $500 for a cow. Calculate the surplus caused by
The table below represents the market for livestock. Suppose there is a price floor set at $500 for a cow. Calculate the surplus caused by the price floor. Price Quantity Supplied Quantity Demanded $175 440 2,100 $390 900 1,500 $500 1,200 1,200 $670 1,600 943 $800 2,250 775 Provide your answer below
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