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-If the Government Imposed a Price Floor of $5

Question 196

Multiple Choice

-If the government imposed a price floor of $5.00 in this market there would be: A) a surplus of 1800 units. B) a shortage of 1200 units. C) a shortage of 1800 units. D) none of the above.
-If the government imposed a price floor of $5.00 in this market there would be:


A) a surplus of 1800 units.
B) a shortage of 1200 units.
C) a shortage of 1800 units.
D) none of the above.

Correct Answer:

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