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Consider a market characterized by the following inverse

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March 10th, 2022

Home Homework Help Consider a market characterized by the following inverse

Consider a market characterized by the following inverse demand and supply functions:

PX = 30 – 3QX and PX = 10 + 2QX. Compute the number of units exchanged and the price at which those units will be exchanged when there is a $24 per unit price floor.

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