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Quantitative Analysis of Price Ceilings and Floors: Finding Points
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Quantitative Analysis of Price Ceilings and Floors: Finding Points
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5. Consumer and Producer Surplus; Price Ceilings and Price Floors / Quantitative Analysis of Price Ceilings and Floors: Finding Points / Problem 4
Problem 4
What criteria would you use to assess the impact of a price floor on agricultural products?
A
The shortage created and its effect on market prices.
B
The reduction in consumer demand.
C
The new equilibrium price established.
D
The extent of surplus created and its effect on market prices.
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