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-In Table 3

Question 73

Multiple Choice

  -In Table 3.4, to maintain the market price at p = $0.4: A)  the government should allocate production quotas to the suppliers. B)  the government set a price floor at p = $0.2. C)  the government should set a price ceiling at p = $0.4. D)  the government should do none of the above.
-In Table 3.4, to maintain the market price at p = $0.4:


A) the government should allocate production quotas to the suppliers.
B) the government set a price floor at p = $0.2.
C) the government should set a price ceiling at p = $0.4.
D) the government should do none of the above.

Correct Answer:

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