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Tragamin Tragamin
wrote...
Posts: 588
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6 years ago
When a city government sets a maximum price for taxi fares that is below the market-clearing price, we see
A) long waits for taxis.
B) a decrease in demand.
C) frustrated taxi drivers who can't find riders.
D) an excess supply of taxis.
E) an increase in supply.
Textbook 
Microeconomics for Life: Smart Choices for You

Microeconomics for Life: Smart Choices for You


Edition: 2nd
Author:
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6 years ago
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