Price regulation prevents some people from buying a good who value that good more than it costs

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Price regulation prevents some people from buying a good who value that good more than it costs to supply it. Apply this proposition to Figure, assuming that the state sets the price at p1 and S' gives the supply.
Price regulation prevents some people from buying a good who
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Law and economics

ISBN: 978-0132540650

6th Edition

Authors: Robert cooter, Thomas ulen

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