The demand function for orange juice is q247-8p and the


The demand function for orange juice is q=247-8p and the supply function is q=19+4p, where q is the number of units sold per year and p is the price per unit expressed in dollars. The government decides to support the price of orange juice at a price floor of $27 per unit by buying orange juice and destroying all that it has purchased. How many units must the government destroy per year?

Correct answer is: 96

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Econometrics: The demand function for orange juice is q247-8p and the
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