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Refer to exhibit 4-8. suppose that wheat producers lobby the government for a price floor and receive one. this price floor is set at pf. what is the change in the total surplus…
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Refer to exhibit 4-8. suppose that wheat producers lobby the government for a price floor and receive one. this price floor is set at pf. what is the change in the total surplus…
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Dec 27, 2021
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Refer to exhibit 4-8. suppose that wheat producers lobby the government for a price floor and receive one. this price floor is set at pf. what is the change in the total surplus at the price floor, compared to at the equilibrium price?
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The answer is definitely 49
Haysclark
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