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-Which of the Following Is True Regarding a Price Support

Question 24

Multiple Choice

-Which of the following is true regarding a price support set above the equilibrium price? i. The price support increases the price consumers pay. Ii) The price support creates a deadweight loss. Iii) The price support decreases output. A) i only B) i and ii C) iii only D) i, ii and iii E) i and iii
-Which of the following is true regarding a price support set above the equilibrium price? i. The price support increases the price consumers pay.
Ii) The price support creates a deadweight loss.
Iii) The price support decreases output.


A) i only
B) i and ii
C) iii only
D) i, ii and iii
E) i and iii

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