Price supports are a form of price ceiling for agricultural products that lowers prices for consumers and enhances market efficiency.
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Q59: Any factor that shifts the supply curve
Q60: When price is above the equilibrium level,
Q61: Rent controls and controls on other prices
Q62: The unemployment of some groups, such as
Q63: Rent controls are designed to protect consumers
Q65: A price ceiling is only effective if
Q66: Enacting a law controlling rents near a
Q67: Price ceilings are designed to protect sellers,
Q68: Price ceilings lead to market surpluses.
Q69: Black-market prices are below equilibrium prices because
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