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Suppose market demand and supply are given by Qd = 100 – 2P and QS = 5 + 3P. If a price ceiling of $10 is imposed, what will be the resulting full economic price?

$19.

$32.50.

$22.50.

$10.

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M91400965

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