A Price Support May Be Pictured By

question 57

Multiple Choice

A price support may be pictured by:

• A) shifting the demand curve to the right by the amount of the government purchase.
• B) shifting the demand curve to the left by the amount of the government purchase.
• C) shifting the supply curve to the right by the amount of the government purchase.
• D) shifting the supply curve to the left by the amount of the government purchase.
• E) drawing a horizontal line below equilibrium price at the supported price.

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Definitions:

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