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Tragamin Tragamin
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6 years ago
When a city government sets a minimum price for taxi fares that is above the market-clearing price, we see
A) an increase in supply.
B) frustrated riders who can't find a taxi.
C) a shortage of taxis.
D) a decrease in demand.
E) an excess supply of taxis.
Textbook 
Microeconomics for Life: Smart Choices for You

Microeconomics for Life: Smart Choices for You


Edition: 2nd
Author:
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martrekmartrek
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6 years ago
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Good timing, thanks!
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