Initially, electricity is sold in New York and in other states at a competitive single price. Now
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Initially, electricity is sold in New York and in other states at a competitive single price. Now suppose that New York restricts the quantity of electricity that its citizens can buy. Show what happens to the price of electricity and the quantities sold in New York and elsewhere.
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Related Book For 
Microeconomics Theory And Applications With Calculus
ISBN: 9780133019933
3rd Edition
Authors: Jeffrey M. Perloff
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