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Which of the Following Is True Regarding a Price Support

Question 136

Multiple Choice

Which of the following is true regarding a price support set above the equilibrium price?
i.The price support increases the price consumers pay.
ii.The price support creates a deadweight loss.
iii.The price support decreases output.


A) i and ii
B) i and iii
C) iii only
D) i, ii, and iii
E) i only

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