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1. Problems and Applications Q1 Suppose that the president proposes a new law aimed at reducing healthcare costs: All Americans are required to eat one
1. Problems and Applications Q1 Suppose that the president proposes a new law aimed at reducing healthcare costs: All Americans are required to eat one apple daily. Which of the following statements correctly describes the effect of this apple-a-day law? Check all that apply. The demand for apple pickers increases. The demand for apples increases. The value of the marginal product of apple pickers increases. The equilibrium price of apples remains unchanged. The marginal product of apple pickers remains unchanged. The wage of apple pickers decreases
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