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Economics

If the government places a binding price floor in the market for milk, then we know that

a. The usual equilibrium price of milk is below the price floor

b. The usual equilibrium price of milk is above the price floor

c. The usual equilibrium price of milk is exactly equal to the price floor

d. All of the above are equally likely

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91722072

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