ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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(Figure: The Market for Audiobooks) Use Figure: The Market for Audiobooks. If a price floor of
$15 is imposed in this market, and the government purchases the surplus, the government must buy
units of the good and spend a total of on its purchase.
Price
$22.50
20
15
9
5
D
0 5 9
15 Quantity
O5; $75
O10; $150
09; $135
O 9; $81
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Transcribed Image Text:(Figure: The Market for Audiobooks) Use Figure: The Market for Audiobooks. If a price floor of $15 is imposed in this market, and the government purchases the surplus, the government must buy units of the good and spend a total of on its purchase. Price $22.50 20 15 9 5 D 0 5 9 15 Quantity O5; $75 O10; $150 09; $135 O 9; $81
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