20 - 45 Price Elasticity of Demand Determinants of Price Elasticity Price Elasticity and Total Revenue Other Elasticities Price Controls Taxation & Deadweight Loss Consumer Utility Maximization A Market with a Price Floor (a) A Price Floor That Is Not Binding Quantity of Ice-Cream Cones 0 Price of Ice-Cream Cone Equilibrium quantity 2 Price floor Equilibrium price Demand Supply $3 100
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