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squeakykln squeakykln
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A year ago
Price Floors and their Consequences

The table shows the quantity of workers that are demanded and supplied at various wages.
WagesQuantity DemandedQuantity Supplied
91505​1190​
121295​1295​
151085​1400​
18875​1505​
The government sets a price floor at $15. The price floor causes a ________ of ________.
How many people would be employed if the price floor was not in place?

▸ shortage, 875, 1295

▸ surplus, 315, 1295

▸ surplus, 315, 1085

▸ shortage, 875, 1085
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Macroeconomics

Macroeconomics


Edition: 3rd
Authors:
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obedbroobedbro
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A year ago
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squeakykln Author
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A year ago
Thanks for your help!!
Fleury
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Yesterday
Helped a lot
7.prime7105
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2 hours ago
Good timing, thanks!
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