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Business, 15.02.2020 01:48 Seaisnowblue

Identify the equilibrium price and quantity of blueberries before the introduction of a price ceiling. Identify and quantify the effect of imposing a price ceiling at $5 per gallon on: 1) the quantity of blueberries that get bought and sold, 2) any existing shortage or surplus of blueberries, 3) consumer surplus, 4) producer surplus, and 5) total surplus. Be careful to put your answers in the correct units.

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