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The demand equation is given as P = 20 – Q. The supply equation is given as P = ...
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The demand equation
is given as P = 20 – Q. The supply equation is given as P = 5 + 2Q. At what
price level the price floor should be set so that it is effective under current
market situation?
I. 9
II. 11
III. 13
IV. 15
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