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Question 116

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Use the following to answer question: Use the following to answer question: -(Table: Quantity Supplied and Quantity Demanded) Look at the table Quantity Supplied and Quantity Demanded. The government institutes a price floor, and as a result too many resources are allocated for the production of a good. The price floor in this market must be equal to: A) $5. B) $10. C) $15. D) $20.
-(Table: Quantity Supplied and Quantity Demanded) Look at the table Quantity Supplied and Quantity Demanded. The government institutes a price floor, and as a result too many resources are allocated for the production of a good. The price floor in this market must be equal to:


A) $5.
B) $10.
C) $15.
D) $20.

Correct Answer:

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