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Question 191

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Use the following to answer questions:
Figure: The Market for Butter Use the following to answer questions: Figure: The Market for Butter -(Figure: The Market for Butter) Look at the figure The Market for Butter. If a government price floor at $1.10 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; 3 D) shortage; 1.5
-(Figure: The Market for Butter) Look at the figure The Market for Butter. If a government price floor at $1.10 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; 3
D) shortage; 1.5

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