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Author Question: FIGURE 5-5Refer to Figure 5-5. Suppose this market for gardening services is in a free-market ... (Read 61 times)

wqwpfwpoefnpwenf

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on: Oct 12, 2022




FIGURE 5-5

Refer to Figure 5-5. Suppose this market for gardening services is in a free-market equilibrium. If the government then imposes a price floor of $50 per hour for gardening services, the result would be


◦ a loss of economic surplus of the areas 2, 3, 4, 6, and 7.
◦ a loss of economic surplus of the areas 6 and 7.
◦ a loss of economic surplus of the area 1.
◦ a loss of economic surplus of the areas 1, 2, 3, and 4.
◦ a loss of economic surplus of the areas 2 and 6.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by wqwpfwpoefnpwenf on Oct 12, 2022

Tester

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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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wqwpfwpoefnpwenf

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

mjenn52

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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