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Other Fields Homework Help Economics Topic started by: Tragamin on Dec 28, 2017



Title: When a city government sets a minimum price for taxi fares that is above the market-clearing price, ...
Post by: Tragamin on Dec 28, 2017
When a city government sets a minimum price for taxi fares that is above the market-clearing price, we see
A) an increase in supply.
B) frustrated riders who can't find a taxi.
C) a shortage of taxis.
D) a decrease in demand.
E) an excess supply of taxis.


Title: Re: When a city government sets a minimum price for taxi fares that is above the market-clearing ...
Post by: martrek on Dec 28, 2017
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