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Other Fields Homework Help Economics Topic started by: alockridge95 on Aug 19, 2018



Title: If the government imposes a price floor that is higher than the market clearing price, then
Post by: alockridge95 on Aug 19, 2018
If the government imposes a price floor that is higher than the market clearing price, then
A) consumer surplus will increase while producer surplus will decrease.
B) consumer surplus will decrease while producer surplus will increase.
C) both consumer surplus and producer surplus will decrease.
D) both consumer surplus and producer surplus will increase.


Title: If the government imposes a price floor that is higher than the market clearing price, then
Post by: choih94 on Aug 19, 2018
 C


Title: If the government imposes a price floor that is higher than the market clearing price, then
Post by: alockridge95 on Aug 19, 2018
Mind blown, I've bookmarked this site on told my friends


Title: If the government imposes a price floor that is higher than the market clearing price, then
Post by: choih94 on Aug 19, 2018
Really appreciate that