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Use the Following Information to Answer the Following Questions

Question 72

Multiple Choice

Use the following information to answer the following questions.
Market for a new hardcover book:
Demand: Qd = 325 - 8P
Supply: Qs = -60 + 3P
-What would be the quantity supplied if a price floor is set at $20?


A) 90
B) 45
C) 265
D) 165
E) 305

Correct Answer:

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