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Question 113

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Use the following to answer question: Use the following to answer question: -(Figure: The Market for Butter) Use Figure: The Market for Butter.If a government price floor of $1.20 is imposed on this market,an inefficiency will result in the form of a _____ of _____ million pounds of butter. A) surplus;4.5 B) shortage;4.5 C) surplus;1.5 D) shortage;1.5
-(Figure: The Market for Butter) Use Figure: The Market for Butter.If a government price floor of $1.20 is imposed on this market,an inefficiency will result in the form of a _____ of _____ million pounds of butter.


A) surplus;4.5
B) shortage;4.5
C) surplus;1.5
D) shortage;1.5

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