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Home Q & A Board Other Fields Homework Help Business Economics
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coolcat coolcat
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4 years ago
If the government imposes a maximum price in a market that is below the equilibrium price:

▸ total surplus in the market increases.

▸ total surplus in the market does not change.

▸ total surplus in the market decreases.

▸ total surplus may increase or decrease, depending on whether costs are increasing or decreasing in production.
Textbook 
Microeconomics: Principles, Applications, and Tools

Microeconomics: Principles, Applications, and Tools


Edition: 8th
Authors:
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Brittany08196Brittany08196
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4 years ago
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coolcat Author
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#2
4 years ago
Helps a lot... Now I'm ready for my quiz
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