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Question: The market supply function is P = 10 + Q and the market demand function is P = 70 - 2Q. What is the size in consumer surplus associated with a minimum floor price of $40? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M93131811

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