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-Refer to the Above Figure P3\mathrm { P } _ { 3 }

Question 152

Multiple Choice

   -Refer to the above figure.A price support set at  \mathrm { P } _ { 3 }  will A) lead to a surplus of  \mathrm { Q } _ { 3 }  minus  \mathrm { Q } _ { 1 }  . B) lead to a shortage of  \mathrm { Q } _ { 3 }  minus  \mathrm { Q } _ { 1 }  . C) lead to an equilibrium quantity of  \mathrm { Q } _ { 2 }  . D) be ineffective.
-Refer to the above figure.A price support set at P3\mathrm { P } _ { 3 } will


A) lead to a surplus of Q3\mathrm { Q } _ { 3 } minus
Q1\mathrm { Q } _ { 1 } .
B) lead to a shortage of Q3\mathrm { Q } _ { 3 } minus
Q1\mathrm { Q } _ { 1 } .
C) lead to an equilibrium quantity of Q2\mathrm { Q } _ { 2 } .
D) be ineffective.

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