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Author Question: FIGURE 5-3Refer to Figure 5-3. Suppose P3represents a maximum price permitted by the government. The ... (Read 69 times)

rubiosusy7

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on: Oct 12, 2022

Question 1




FIGURE 5-3

Refer to Figure 5-3. To be effective, a price floor must lie


◦ below P1 but above P3.
◦ anywhere above P1.
◦ within the boundaries of P2 and P3.
◦ anywhere below P1.
◦ above P1 but below P2.

Question 2




FIGURE 5-3

Refer to Figure 5-3. Suppose P3 represents a maximum price permitted by the government. The result would be


◦ excess supply of Q3Q4.
◦ excess demand of Q1Q2.
◦ excess demand of Q3Q4.
◦ excess demand of Q0Q2.
◦ excess supply of Q3Q0.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by rubiosusy7 on Oct 12, 2022

kalimarie

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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rubiosusy7

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

AngeliqueG

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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