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Loraine Loraine
wrote...
Posts: 4563
8 years ago
When a price support is set above the equilibrium price, producers ________ the quantity supplied and consumers ________ the quantity demanded.
A) increase; increase
B) increase; decrease
C) decrease; increase
D) decrease; decrease
E) do not change; do not change
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
Read 220 times
1 Reply
Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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VincenzoDVincenzoD
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Posts: 1913
8 years ago
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