In reality, which of the following circumstances might give rise to each of the situations described in
Question:
a. Regulation of output quantities by a government
b. Rationing of commodities
c. Assignment of soldiers to different jobs in an army
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a If the government regulates output quantities it may decree q...View the full answer
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Related Book For 
Economics Principles and Policy
ISBN: 978-0538453653
12th edition
Authors: William J. Baumol, Alan S. Blinder
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