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Author Question: Consider the market for iron ore, an important industrial input. Suppose the government sets a price ... (Read 73 times)

Adc3669

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on: Oct 12, 2022
Consider the market for iron ore, an important industrial input. Suppose the government sets a price floor below the free-market equilibrium price. The result will be
◦ the quantity demanded will exceed quantity supplied and there will be a shortage in the market.
◦ increased government revenue.
◦ a continuation of the free-market equilibrium price and quantity.
◦ a new free-market equilibrium at a lower price and higher output level.
◦ the quantity supplied will exceed quantity demanded and there will be a surplus in the market.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by Adc3669 on Oct 12, 2022

koung719

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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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Adc3669

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Reply 2 on: Oct 12, 2022
Wow, this really help

bbburns21

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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