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12-01-2024
Business

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Consider a market characterized by the following inverse demand and supply functions: PX = 10 - 2QX and PX = 2 + 2QX. An $8 per unit price floor will result in a:
A. shortage of 1 unit.
B. surplus of 5 units.
C. shortage of 3 units.
D. surplus of 3 units

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