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The Following Are the Equations for the Supply and Demand

Question 300

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The following are the equations for the supply and demand curves in the market for weezils: The following are the equations for the supply and demand curves in the market for weezils:     where Q <sub> d </sub> is the quantity demanded, Q <sub> s </sub> is the quantity supplied, and P is the price per weezil in dollars. Refer to Exhibit 4-1. If the government imposes a price floor of $4 a weezil, how many weezils will be sold? A)  5 B)  10 C)  12 D)  14 The following are the equations for the supply and demand curves in the market for weezils:     where Q <sub> d </sub> is the quantity demanded, Q <sub> s </sub> is the quantity supplied, and P is the price per weezil in dollars. Refer to Exhibit 4-1. If the government imposes a price floor of $4 a weezil, how many weezils will be sold? A)  5 B)  10 C)  12 D)  14 where Q d is the quantity demanded, Q s is the quantity supplied, and P is the price per weezil in dollars. Refer to Exhibit 4-1. If the government imposes a price floor of $4 a weezil, how many weezils will be sold?


A) 5
B) 10
C) 12
D) 14

Correct Answer:

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