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fruits fruits
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A year ago
Suppose the government decides to eliminate a binding price floor that it had previously imposed on a particular good. It can be expected that

▸ the price would decrease, the quantity demanded would increase and the quantity supplied would decrease.

▸ the price would increase, the quantity demanded would decrease and the quantity supplied would increase.

▸ the price would increase, the quantity demanded would increase and the quantity supplied would decrease.

▸ the price would decrease, the quantity demanded would decrease and the quantity supplied would increase.

▸ no changes would take place.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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studyinnursestudyinnurse
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A year ago
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fruits Author
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A year ago
Smart ... Thanks!
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You make an excellent tutor!
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Thanks
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