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question 134

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Use the following to answer questions:
Figure: The Market for Butter Use the following to answer questions: Figure: The Market for Butter   -(Figure: The Market for Butter) Use Figure: The Market for Butter.If a government price floor of $1.30 is imposed on this market,an inefficiency will result in the form of a _____ of _____ million kilograms of butter. A)  surplus;4.5 B)  surplus;6.0 C)  shortage;6.0 D)  shortage;4.5
-(Figure: The Market for Butter) Use Figure: The Market for Butter.If a government price floor of $1.30 is imposed on this market,an inefficiency will result in the form of a _____ of _____ million kilograms of butter.


Definitions:

Variables

Elements, features, or factors that are likely to vary or change and can be measured, controlled, or manipulated in experiments or models.

Opposite Directions

Refers to two lines or paths that diverge from each other, heading in completely different trajectories.

Positive Correlation

A relationship between two variables where if one variable increases, the other one also increases or if one decreases, the other also decreases.

Children

Young human beings who are not yet adults, typically defined by their dependency on adults for care and nurturing.

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