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Ch. 5 - Consumer and Producer Surplus; Price Ceilings and FloorsWorksheetSee all chapters
Practice: The supply and demand curves for a product are as follows. What is quantity demanded if a price floor of $21 is set? QD = 45 - 2P QS = -15 + P Practice: The supply and demand curves for a product are as follows. What is quantity supplied if a price ceiling of$4 is set?