-Which of the Following Is True Regarding a Price Support

question 24

Multiple Choice

-Which of the following is true regarding a price support set above the equilibrium price? i. The price support increases the price consumers pay.
Ii) The price support creates a deadweight loss.
Iii) The price support decreases output.

• A) i only
• B) i and ii
• C) iii only
• D) i, ii and iii
• E) i and iii

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