What will be the resulting full economic price

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Reference no: EM13831108

Suppose market demand and supply are given by Q^d = 100 – 2P and Q^S = 5 + 3P. If a price ceiling of $10 is imposed, what will be the resulting full economic price?

$19.

$32.50.

$22.50.

$10.

Reference no: EM13831108

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