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14. [2 points] The government imposes a binding price floor on corn. If there is any excess supply at this price, the government buys it
14. [2 points] The government imposes a binding price floor on corn. If there is any excess supply at this price, the government buys it and stores it in a warehouse. The quantity bought and sold in this case is A The same as the perfectly competitive quantity without the price floor. B The efficient quantity. flow C Lower than the efficient quantity. D Higher than the efficient quantity. E Lower than the perfectly competitive quantity without the price floor
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