61. Suppose the market for a good is expressed as follows: Inverse demand: P = 200...
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61. Suppose the market for a good is expressed as follows: Inverse demand: P = 200 - 2Q Inverse supply: P = 20 What is the equilibrium price and quantity if the government imposes a supply quota of 75 units? What is the equilibrium price and quantity if the government imposes a supply quota of 25 units? 61. Suppose the market for a good is expressed as follows: Inverse demand: P = 200 - 2Q Inverse supply: P = 20 What is the equilibrium price and quantity if the government imposes a supply quota of 75 units? What is the equilibrium price and quantity if the government imposes a supply quota of 25 units?
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