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    Microeconomics Study Set 25
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    Exam 5: Price Controls and Quotas: Meddling With Markets
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    (Figure: Supply and Demand)Use Figure: Supply and Demand
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(Figure: Supply and Demand)Use Figure: Supply and Demand

Question 27

Question 27

Multiple Choice

(Figure: Supply and Demand) Use Figure: Supply and Demand.A binding price floor is represented by: (Figure: Supply and Demand) Use Figure: Supply and Demand.A binding price floor is represented by:   A) P<sub>1</sub>. B) P<sub>2</sub>. C) P<sub>3</sub>. D) point C.


A) P1.
B) P2.
C) P3.
D) point C.

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