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4 years ago
Suppose the market-clearing price of milk is $3.00 per gallon, but consumer groups persuade the government to set and enforce a maximum price cap at $2.00 per gallon. The newly legislated price tends to
A) create a surplus of milk.
B) increase the demand for milk.
C) reduce the supply of milk.
D) do all of the above.
E) do none of the above.
Textbook 

The Economic Way of Thinking


Edition: 13th
Authors:
Read 183 times
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4 years ago
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wrote...
4 years ago
Another one in the books, marking it solved.
wrote...
4 years ago
Don't mention it Happy Dummy
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