Compute the number of units exchanged and the price

Reference no: EM13741876

Consider a market characterized by the following inverse demand and supply functions: PX = 30 - 3QX and PX = 10 + 2QX. Compute the number of units exchanged and the price at which those units will be exchanged when there is a $24 per unit price floor.

Reference no: EM13741876

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