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Supply and Demand Assignment | Homework For You

Author:
December 10th, 2019

The market of Vodka Tonic can be summarized by the following information: P = 360- 3/2*Q and P = 100+ 2/3*Q. If the price floor of $120 is imposed in this market, which of the following is correct?

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Homework For You

The quantity supplied is 255

The quantity demanded is 60

The surplus is 195

All the above are correct. Get Economics homework help today

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