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Explaining the graph and answering questions Determine the equailibuim price and quantity
Explaining the graph and answering questions
Determine the equailibuim price and quantity.
What is the minimum price?
Calculate the total amount of extra money that must be spent by these who purchase the commodity of the government?
What is the total surplus of the government price?
What is the extra quantity supplied as result of the higher fixed by the government?
How much money will the government require today the excess supply.
Expert Solution
PFA
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