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    Microeconomics A Contemporary Introduction Study Set 1
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    Exam 16: Public Goods and Public Choice
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    Exhibit 16-1 Consider Exhibit 16-1
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Exhibit 16-1 Consider Exhibit 16-1

Question 119

Question 119

Multiple Choice

Exhibit 16-1 Exhibit 16-1   Consider Exhibit 16-1.Considering government expenditures on surplus milk but ignoring storage costs, how much do consumers pay per gallon for the quantity purchased at the support price? A) $3.00 B) $4.00 C) $5.00 D) $1.00 E) $2.00 Consider Exhibit 16-1.Considering government expenditures on surplus milk but ignoring storage costs, how much do consumers pay per gallon for the quantity purchased at the support price?


A) $3.00
B) $4.00
C) $5.00
D) $1.00
E) $2.00

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