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@Gabrielle @Gabrielle
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5 years ago
What is the result of an agricultural support price established above the equilibrium price?
A) The market gravitates toward and remains in equilibrium.
B) There will be excess quantity supplied of the product involved.
C) There will be excess quantity demanded the product in this market.
D) Since the support price is set above the equilibrium price, it will have no impact on the market price.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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wrote...
5 years ago
 B
@Gabrielle Author
wrote...
5 years ago
Makes more sense now, have a good weekend!
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