30 28 26 24 22 20 18 IC 14 12 10 8 C 4 2 5 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80 For the market represented in the graph above, if the government sets a price floor of $18 what is the maximum amount producers would pay in search costs? (Leave off the dollar sign in your answer)

30 28 26 24 22 20 18 IC 14 12 10 8 C 4 2 5 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80 For the market represented in the graph above, if the government sets a price floor of $18 what is the maximum amount producers would pay in search costs? (Leave off the dollar sign in your answer)

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter8: Application: The Cost Of Taxation

Section: Chapter Questions

Problem 2CQQ

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5 10 15 20 25 30 35 40 45 50 55 60 65 70 75 80
For the market represented in the graph above, if the government sets a price floor of $18 what is
the maximum amount producers would pay in search costs? (Leave off the dollar sign in your answer)

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