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The Market for Salmon Is in Equilibrium

Question 107

Multiple Choice

The market for salmon is in equilibrium.A binding price ceiling,a binding price floor,and a quota limit below the market equilibrium in this market would all cause:


A) deadweight loss arising from a quantity exchanged that is less than the equilibrium quantity.
B) a supply price that exceeds a demand price.
C) revenue collected by the government on each unit of salmon harvested.
D) deadweight loss arising from a transfer of surplus from consumers to producers.

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