If a price floor is reduced toward equilibrium but not below it, does the surplus and deadweight

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If a price floor is reduced toward equilibrium but not below it, does the surplus and deadweight loss in this market increase or decrease?

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Core Macroeconomics

ISBN: 978-1464191435

3rd edition

Authors: Eric Chiang

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Question Posted: Dec 08, 2015 05:44 AM

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If a price floor is reduced toward equilibrium but not below it, does the surplus and deadweight

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A price floor that is set above the equilibrium price creates a sur...View the full answer

Core Macroeconomics

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