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    Microeconomics Study Set 40
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    Exam 5: Price Controls and Quotas: Meddling With Markets
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    Figure: Supply and Demand
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Figure: Supply and Demand

Question 37

Question 37

Essay

Figure: Supply and Demand
(Figure: Supply and Demand) Look at the figure Supply and Demand.In the market shown in the figure, a binding price floor is represented by:
A.P₁.
B.P₂.
C.P₃.
D.point
C.

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