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Author Question: The figure shows the market for milk. As a result of the production quota, (Read 117 times)

casperchen82

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on: May 24, 2019



The figure shows the market for milk.  As a result of the production quota,
◦ consumer surplus shrinks by area ABE.
◦ a deadweight loss of area ABE occurs.
◦ a deadweight loss of area ABC occurs.
◦ the price increases from $1 to $5.
◦ the quantity produced increases from 20 thousand to 40 thousand gallons.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by casperchen82 on May 24, 2019

kbennett34

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Reply #1 on: May 24, 2019
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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casperchen82

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Reply #2 on: May 24, 2019
Excellent


kbennett34

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Reply #3 on: May 24, 2019
Great! Please up vote :D


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