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Suppose that city leaders want to prevent the price of AA batteries from rising when tornadoes threaten Tulsa, Oklahoma. They impose a price ceiling of $8 for packages of AA batteries. c. This price ceiling of $8 per pack will impact the AA battery market during a typical week. d. What are quantity demanded and quantity supplied with the price ceiling in effect during the weeks when tornadoes threaten Tulsa

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Answer:

The market for packs of AA batteries during a typical week in Tulsa, Oklahoma is described in the table below. Price (dollars)

$20

18

16

14

12

10

8

6 AA Battery Market

Quantity of Batteries

Explanation:

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