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Figure: the Market for Butter

Question 107

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Figure: The Market for Butter
Figure: The Market for Butter (Figure: The Market for Butter) Look at the figure The Market for Butter.If a government price floor at $1.30 is imposed on this market, an inefficiency will result in the form of a: A.surplus of 4.5 million pounds of butter. B.shortage of 4.5 million pounds of butter. C.surplus of 1.5 million pounds of butter. D.shortage of 1.5 million pounds of butter. Figure: The Market for Butter (Figure: The Market for Butter) Look at the figure The Market for Butter.If a government price floor at $1.30 is imposed on this market, an inefficiency will result in the form of a: A.surplus of 4.5 million pounds of butter. B.shortage of 4.5 million pounds of butter. C.surplus of 1.5 million pounds of butter. D.shortage of 1.5 million pounds of butter. (Figure: The Market for Butter) Look at the figure The Market for Butter.If a government price floor at $1.30 is imposed on this market, an inefficiency will result in the form of a:
A.surplus of 4.5 million pounds of butter.
B.shortage of 4.5 million pounds of butter.
C.surplus of 1.5 million pounds of butter.
D.shortage of 1.5 million pounds of butter.

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