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The Following Image Shows a Market Equilibrium

Question 92

Multiple Choice

The following image shows a market equilibrium. Suppose the government imposes a price floor of $3 on each unit of the good sold in the market. Which of the following is true in such a case?​ ​
Figure 16.4

The following image shows a market equilibrium. Suppose the government imposes a price floor of $3 on each unit of the good sold in the market. Which of the following is true in such a case?​ ​ Figure 16.4 ​   A) The cost to consumer-taxpayers increases by $300. B) The cost to consumer-taxpayers increases by $600. C) The cost to consumer-taxpayers decreases by $300. D) The cost to consumer-taxpayers decreases by $600. E) The cost to consumer-taxpayers decreases by $150.


A) The cost to consumer-taxpayers increases by $300.
B) The cost to consumer-taxpayers increases by $600.
C) The cost to consumer-taxpayers decreases by $300.
D) The cost to consumer-taxpayers decreases by $600.
E) The cost to consumer-taxpayers decreases by $150.

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