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Business, 28.01.2020 22:56 tieragroff

In the market for used cars, the demand and supply equations are given by qd = 12,000 – 0.4p and qs = 0.1p + 5,000, where p is the price per car and q measures the quantity of cars. what happens at a price floor of $20,000?

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In the market for used cars, the demand and supply equations are given by qd = 12,000 – 0.4p and qs...

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