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categoryاقتصاد عام schoolبكالوريوس event_available2026-07-13

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The demand and supply equations for the apple market are: Demand: P-12-0.01Q Supply: P-0.020 where P- price per bushel, and Q-quantity. (Drawing graphs will help you a lot!) a. Calculate the equilibrium price and quantity. b. What are the consumer surplus and the producer surplus at the market equilibrium? c. Suppose the government imposes a price floor of 10 TL for apples. Calculate the consumer and producer surpluses after the price floor is applied. What is the deadweight loss resulting from this policy?

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