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Exhibit 16-5 Exhibit 16-5 Represents the Market for Leaf

Question 137

Multiple Choice

Exhibit 16-5 Exhibit 16-5 Exhibit 16-5 represents the market for leaf tobacco.Suppose the government imposes a floor of $1.25 in this market.How much tobacco will be traded in this market? A) 1, 000 lbs. B) 2, 000 lbs. C) 3, 000 lbs. D) 4, 000 lbs. E) 5, 000 lbs. Exhibit 16-5 represents the market for leaf tobacco.Suppose the government imposes a floor of $1.25 in this market.How much tobacco will be traded in this market?


A) 1, 000 lbs.
B) 2, 000 lbs.
C) 3, 000 lbs.
D) 4, 000 lbs.
E) 5, 000 lbs.

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