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If a Price Floor of $23 Were Placed in the Market

Question 64

Multiple Choice

If a price floor of $23 were placed in the market in the graph shown: A) some surplus is transferred from consumer to producer. B) some surplus is transferred from producer to consumer. C) all producers are better off. D) all consumers are better off. If a price floor of $23 were placed in the market in the graph shown:


A) some surplus is transferred from consumer to producer.
B) some surplus is transferred from producer to consumer.
C) all producers are better off.
D) all consumers are better off.

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