Question: Market demand is given as QD = 280 - 4P. Market supply is given as QS = 2P + 40. Which legally imposed price would

Market demand is given as QD = 280 - 4P. Market supply is given as QS = 2P + 40. Which legally imposed price would constitute a binding price ceiling?

	a.	$35
	b.	$45
	c.	$55
	d.	$65

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