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Author Question: The diagram below shows the market for some agricultural product, X.FIGURE 5-8Refer to Figure 5-8. ... (Read 32 times)

booty5

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on: Oct 12, 2022

Question 1

A minimum permissible price established by the government is called
◦ the margin price.
◦ the equilibrium price.
◦ a price ceiling.
◦ a price floor.
◦ the fair price.

Question 2

The diagram below shows the market for some agricultural product, X.



FIGURE 5-8

Refer to Figure 5-8. Suppose the government has imposed a price ceiling at $1.00 per unit in this market. With this price ceiling in place, what is the weekly amount of consumer surplus in this market?


◦ $150
◦ $450
◦ $1200
◦ $1350
◦ $1500
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by booty5 on Oct 12, 2022

leilani49

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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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booty5

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

kjohnson

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Reply 3 on: Yesterday
Excellent

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