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Use the Following to Answer Questions

Question 22

Multiple Choice

Use the following to answer questions:
Figure: Market I Use the following to answer questions: Figure: Market I -(Figure: Market I) Look at the figure Market I. A price floor of $5 imposed on this market would: A) result in a surplus of the good. B) have no effect. C) increase production of this good. D) increase consumer spending on this good.
-(Figure: Market I) Look at the figure Market I. A price floor of $5 imposed on this market would:


A) result in a surplus of the good.
B) have no effect.
C) increase production of this good.
D) increase consumer spending on this good.

Correct Answer:

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