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

Question 141

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 consumer surplus would be gained in the face of this price support? A) $900 B) $975 C) $1050 D) $1125 E) $1200 Exhibit 16-5 represents the market for leaf tobacco.Suppose the government imposes a floor of $1.25 in this market.How much consumer surplus would be gained in the face of this price support?


A) $900
B) $975
C) $1050
D) $1125
E) $1200

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