Question: New Questions 5. Use the data below to answer the following questions: Quantity Supplied Price Quantity Demanded 75 $3 750 150 $6 600 225 $9

New Questions 5. Use the data below to answer the following

New Questions 5. Use the data below to answer the following questions: Quantity Supplied Price Quantity Demanded 75 $3 750 150 $6 600 225 $9 450 300 $12 300 375 $15 150 a. If there is a price ceiling of $6, find the Quantity Quantity Surplus or Size of surplus or Quantity that will sell* Demanded Supplied Shortage? shortage * Assume there is no black market

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