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Title: Suppose the equilibrium price of a gallon of milk is $4. If the government imposes a price floor of Post by: Loraine on Jun 20, 2015 Suppose the equilibrium price of a gallon of milk is $4. If the government imposes a price floor of $5 per gallon of milk,
A) the quantity supplied of milk exceeds the quantity demanded. B) the quantity supplied of milk falls short of the quantity demanded. C) the supply increases. D) the market will not be affected. E) there will be a shortage of milk. Title: Re: Suppose the equilibrium price of a gallon of milk is $4. If the government imposes a price floor Post by: VincenzoD on Aug 2, 2015 Content hidden
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