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Economic Issues and Policy 6th Edition by Jacqueline Murray Brux
Edition 6ISBN: 978-1285448770Economic Issues and Policy 6th Edition by Jacqueline Murray Brux
Edition 6ISBN: 978-1285448770 Exercise 4
How do price floors interfere with the rationing function of price? Use price supports as an example. Can you think of any other examples of price floors in our economy? (Hint: Remember that there are markets for services as well as for goods!)
Explanation
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Price supports are example of price floo...
Economic Issues and Policy 6th Edition by Jacqueline Murray Brux
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