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Question
Use the following information to answer the following questions.
Market for used cars:
Demand: Qd= 154,000 86P
Supply: Qs= 100 + 14P
What would be the quantity supplied if a price floor is set at $100?
a. 100
b. 154,100
c. 1,541
d. 21,474
e. 1,300
Answer
This answer is hidden. It contains 63 characters.
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