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Economics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0073511498Economics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0073511498 Exercise 2
Suppose that for health reasons, the government of the nation of Ironia wants to increase the amount of broccoli citizens consume. Which of the following policies could be used to achieve the goal?
a. A price floor to support broccoli growers.
b. A price ceiling to ensure that broccoli remains affordable to consumers.
c. A subsidy paid to shoppers who buy broccoli.
d. A subsidy paid to farmers who grow broccoli.
a. A price floor to support broccoli growers.
b. A price ceiling to ensure that broccoli remains affordable to consumers.
c. A subsidy paid to shoppers who buy broccoli.
d. A subsidy paid to farmers who grow broccoli.
Explanation
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Binding Price Floor:
A price floor refe...
Economics 1st Edition by Dean Karlan,Jonathan Morduch
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