Consider a market characterized by the following inverse demand and supply functions: PX = 10 - 2QX and PX = 2 + 2QX. Compute the number of units exchanged and the price at which those units will be exchanged when there is an $8 per unit price floor.
A. 3 units and $6 per unit.
B. 3 units and $8 per unit.
C. 1 unit and $6 per unit.
D. 1 unit and $8 per unit.
Answer: D
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