Market and then agrees to buy up any surplus that exists

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Demand is given by : Qd=20-3P Supply is given by: Qs= 2 + 3p what is the cost to a government that sets a price floor of $4 in this market and then agrees to buy up any surplus that exists?

Reference no: EM13852621

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Market and then agrees to buy up any surplus that exists : Demand is given by : Qd=20-3P Supply is given by: Qs= 2 + 3p what is the cost to a government that sets a price floor of $4 in this market and then agrees to buy up any surplus that exists?

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