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The table below shows the market for mandarin oranges in the country of Preswar. Price per Kilo Quantity Demanded Quantity Supplied 1 800 200 1.1

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The table below shows the market for mandarin oranges in the country of Preswar.

Price per Kilo

Quantity Demanded

Quantity Supplied

1800200
1.1750250
1.2700300
1.3650350
1.4600400
1.5550450
1.6500500
1.7450550

image text in transcribed
a] What are the equilibrium values of price and quantity? Round your answers to one decimal place. Price: |:| IQua nt'rty: b] Suppose that government imposes a effective price floor that is $0.1 different from the present equilibrium price. What would be the resulting shortage or surplus? of:- c] Suppose instead that government imposes a effective price ceiling that is $0.1 different from the present equilibrium price. What would be the resulting shortage or surplus? (Click to select} v of| |_

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