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-Refer to the Above Figure

question 116

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  -Refer to the above figure. Other things being equal, when the government imposes a price floor at P2, then we would expect A)  the quantity demanded is Q2. B)  a surplus will occur. C)  price to decline until an equilibrium is achieved at P0. D)  consumers to bid against each other for goods and force the price even higher.
-Refer to the above figure. Other things being equal, when the government imposes a price floor at P2, then we would expect

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