The sugar market has a supply curve with formula: Ps= 5 + 0.1Qs, and demand curve: Pd = 68-0.32Qd The government imposes a price floor of 22.9 Approximately what is the new equilibrium quantity for sugar? 141 95 124 100

The sugar market has a supply curve with formula: Ps= 5 + 0.1Qs, and demand curve: Pd = 68-0.32Qd The government imposes a price floor of 22.9 Approximately what is the new equilibrium quantity for sugar? 141 95 124 100

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter3: Market Demand And Supply

Section3.A: Consumer Surplus, Proudcer Suplus, And Market Efficency

Problem 1SQP

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