Question: Market demand is given as QD = 75 - 2P. Market supply is given as QS = 3P. Which legally imposed price would constitute a

Market demand is given as QD = 75 - 2P. Market supply is given as QS = 3P. Which legally imposed price would constitute a binding price floor?

a.

$9
b.

$13
c.

$15
d.

$18

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