In a Market with a Price Support Set Above the Equilibrium

question 77

Multiple Choice

In a market with a price support set above the equilibrium price,

• A) consumers gain.
• B) taxes on consumers decrease.
• C) marginal benefit exceeds marginal cost.
• D) the market is efficient.
• E) farmers gain.

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Definitions:

Cushion the Negative Point

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Closing Statement

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Claim Message

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