Microeconomics, Student Value Edition (6th Edition)
Microeconomics, Student Value Edition (6th Edition)
6th Edition
ISBN: 9780134125756
Author: R. Glenn Hubbard, Anthony Patrick O'Brien
Publisher: PEARSON
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Chapter 4, Problem 4.3.7PA

Sub part (a):

To determine

The equilibrium price and quantity and the price floor quantity.

Sub part (b):

To determine

The economic surplus with and without price floor.

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Microeconomics, Student Value Edition (6th Edition)

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