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14-12-2022
Mathematics

Answered

in the market for baseball bats the equilibrium price is $20 and at this price 125 bats are sold. If the price were $5 more then firms would want to sell 140 bats but customers would only want to buy 110 bats. If the government imposed a price ceiling of $25 for bats, how many bats would be sold?a.125.b.140.c.15.d.not enough information to answer this question.

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