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Market Demand Is Given as QD = 200 - 6P

Question 191

Multiple Choice
Market demand is given as Q<sub>D </sub>= 200 - 6P.Market supply is given as Q<sub>S </sub>= 4P.Which legally imposed price would constitute a binding price floor

Market demand is given as QD = 200 - 6P.Market supply is given as QS = 4P.Which legally imposed price would constitute a binding price floor


A) $10
B) $15
C) $20
D) $40

Correct Answer:

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