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-Refer to Exhibit 4-11

Question 90

Multiple Choice

-Refer to Exhibit 4-11.Suppose that the government imposes a price floor in the market for good ABC at a price of $7.How many fewer units would be bought and sold at the price floor compared to the number of units that would be bought and sold in a free market? A) 20 B) 30 C) 40 D) 60 E) 80
-Refer to Exhibit 4-11.Suppose that the government imposes a price floor in the market for good ABC at a price of $7.How many fewer units would be bought and sold at the price floor compared to the number of units that would be bought and sold in a free market?


A) 20
B) 30
C) 40
D) 60
E) 80

Correct Answer:

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