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Author Question: As illustrated in the textbook, the government can further increase the support price of a commodity ... (Read 58 times)

dalyningkenk

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on: Jul 1, 2018
As illustrated in the textbook, the government can further increase the support price of a commodity by purchasing excess supplies and using a:
 
  A) production quota.
  B) consumption tax.
  C) excess profits tax.
  D) minimum wage.

Question 2

What is a reference point?
 
  A) the value of a good on the black market
  B) the point from which an individual makes a consumption decision
  C) a subjective valuation of a good
  D) the minimum price that an individual would sell a good that she currently owns
  E) none of the above


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lcapri7

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Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

B


dalyningkenk

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Reply #2 on: Jul 1, 2018
Thank you :)


lcapri7

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Reply #3 on: Jul 1, 2018
Happy to help you


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