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(Solved): Consider the market for wheat where demand is given by: \( Q^{d}=150-2 p \) and supply is given by: ...




Consider the market for wheat where demand is given by: \( Q^{d}=150-2 p \)
and supply is given by: \( Q^{s}=40+1 p \)
Now su
Consider the market for wheat where demand is given by: \( Q^{d}=150-2 p \) and supply is given by: \( Q^{s}=40+1 p \) Now suppose that, due to a market quota, a maximum of \( 71.67 \) units of wheat can be supplied by firms in the market. The amount of deadweight loss caused by the market failure is \( \$ \)


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At the equilibrium Qd = Qs , Equating Qd=QS 150?2P=40+Porp=$36.66 At the eq
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