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ken80 ken80
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6 months ago

Suppose the government sets a price floor that is above the equilibrium price for a given good. It can be said that at the price floor,



▸

although sellers are selling all of the product that they desire at this price, the consumers are not able to buy all that they desire.



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although consumers are purchasing all of the product that they desire at this price, the sellers are not selling all that they desire.



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both sellers and buyers are satisfied with the quantity that is being exchanged.



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both sellers and buyers are exchanging the equilibrium quantity of this good.



▸

b and d

Textbook 
Economics

Economics


Edition: 12th
Author:
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djbo89djbo89
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6 months ago
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ken80 Author
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6 months ago
Thanks
kobbhy
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
kc123
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2 hours ago
Thanks
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