How did they get the answer 106.50? In a competitive market, the demand is, ( Q_{D}=432.6-2.3 P ). The supply of beef is, ( Q_{S}=-140.9+4.5 P ) if ( P geq 140.9 / 4.5 ) What is the surplus if the price floor is ( $ 100 ) ? (Put "0" if there is no surplus) Answer: The correct answer is: ( 106.50 )

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How did they get the answer 106.50?  In a competitive market, the demand is,  ( Q_{D}=432.6-2.3 P  ). The supply of beef is,  ( Q_{S}=-140.9+4.5 P  ) if  ( P  geq 140.9 / 4.5  ) What is the surplus if the price floor is  (  $ 100  ) ? (Put &#34;0&#34; if there is no surplus) Answer: The correct answer is:  ( 106.50  )

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