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Author Question: Consider a competitive market for good X. A binding price floor and a binding price ceiling in this ... (Read 170 times)

jrobl3

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on: Oct 12, 2022
Consider a competitive market for good X. A binding price floor and a binding price ceiling in this market would be similar to each other in that
◦ the units of good X that will no longer be produced or consumed will not generate any economic surplus.
◦ each type of price control will lead to a reduction in deadweight loss and therefore an increase in efficiency in the market for good X.
◦ each type of price control results in a higher price paid by consumers, and therefore to a reduction in economic surplus.
◦ additional units of good X will be produced and consumed, leading to an increase in economic surplus.
◦ each type of price control results in a lower price received by sellers, and therefore to a reduction in economic surplus.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by jrobl3 on Oct 12, 2022

breounasmoot

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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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jrobl3

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

diana chang

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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