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    Microeconomics Study Set 25
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    Exam 5: Price Controls and Quotas: Meddling With Markets
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    Suppose the State of Mississippi Sets a Price Floor in the Market
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Suppose the State of Mississippi Sets a Price Floor in the Market

Question 12

Question 12

True/False

Suppose the state of Mississippi sets a price floor in the market for cotton.If the floor is set below the market-clearing price of cotton,the floor will cause a surplus of cotton.

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