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Figure: Market I (Figure: Market I) Look at the Figure Market I.If a Market

Question 62

Essay

Figure: Market I
(Figure: Market I) Look at the figure Market I.If a price floor of $15 was imposed on this market and the government chose to purchase the surplus, the government would need to buy
________ units of the good and spend a total amount of on its purchase.
A.5; $75
B.10; $150
C.9; $135
D.9; $81

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