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jacksonfive09 jacksonfive09
wrote...
Posts: 431
4 years ago
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.
Textbook 
Microeconomics: Principles, Applications, and Tools

Microeconomics: Principles, Applications, and Tools


Edition: 8th
Authors:
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wrote...
4 years ago
some producers gain at the expense of consumers and the total surplus decreases.
jacksonfive09 Author
wrote...
4 years ago
Brilliant
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