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Supply and Demand Curves for a Product Are Shown in the Following

Question 44

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Supply and demand curves for a product are shown in the following figure. Suppose an artificially low price of $300 is imposed. Estimate the total gains from trade now, to the nearest 500 dollars. Supply and demand curves for a product are shown in the following figure. Suppose an artificially low price of $300 is imposed. Estimate the total gains from trade now, to the nearest 500 dollars.

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