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Author Question: Suppose the government establishes a binding price floor for some product. At the price floor, (Read 117 times)

dhsndn

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on: Oct 12, 2022

Question 1

An excess demand for some product is the same thing as
◦ a surplus.
◦ an excess supply.
◦ a hidden market.
◦ a shortage.
◦ a price ceiling.

Question 2

Suppose the government establishes a binding price floor for some product. At the price floor,
◦ although consumers are purchasing all of the product they desire at this price, the sellers are not selling all they desire.
◦ although sellers are selling all of the product that they desire, consumers are not able to buy all that they desire.
◦ both sellers and buyers are exchanging the free-market equilibrium quantity.
◦ both sellers and buyers are satisfied with the quantity that is being exchanged.
◦ a new free-market equilibrium price and quantity will be established.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by dhsndn on Oct 12, 2022

msgero

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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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dhsndn

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

skipfourms123

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Reply 3 on: Yesterday
Wow, this really help

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