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Title: If government sets a minimum price above the equilibrium price:
Post by: jacksonfive09 on Jul 22, 2019
If government sets a minimum price above the equilibrium price:

▸ some producers gain at the expense of consumers and the total surplus decreases.

▸ some consumers gain at the expense of producers and the total surplus decreases.

▸ some producers gain at the expense of consumers and the total surplus increases.

▸ some consumers gain at the expense of producers and the total surplus increases.


Title: If government sets a minimum price above the equilibrium price:
Post by: christinaalex on Jul 22, 2019
some producers gain at the expense of consumers and the total surplus decreases.


Title: If government sets a minimum price above the equilibrium price:
Post by: jacksonfive09 on Jul 22, 2019
Brilliant