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If the Government Were to Intervene in the Market by Lowering

Question 134

Essay

If the government were to intervene in the market by lowering the price below the equilibrium price of a good, which of the following would not occur?
A.Some consumers would receive an increase in consumer surplus.
B.Producers would likely lose some producer surplus.
C.The outcome would be efficient.
D.Total surplus would be lower.

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