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Macroeconomics Midterm - Part 2 of 3!
SAMPLE
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5. Consumer and Producer Surplus; Price Ceilings and Price Floors / Quantitative Analysis of Price Ceilings and Floors: Finding Points / Problem 15
Problem 15

Solve for the equilibrium price using the equations Qd = 6000 - 60P and Qs = 40P - 800.