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30 pts Consider a market equilibrium is a price = $5 and quantity = 200 units in the market for wheat. . What could the
30 pts Consider a market equilibrium is a price = $5 and quantity = 200 units in the market for wheat. . What could the price in this market be if the government implemented an effective price floor? Will there be any excess supply or demand? Provide at least one more example of how consumers or producers will respond to the price control (think unintended consequences). Edit View Insert Format Tools Table Paragraph B IU A O wordsO Take a look at the Lorenz Curve below comparing three different countries, Country X (blue curve), Country Y (red curve), and Country Z (green curve). INCOME (Cumulative percent) 100 County X Country Y IV Country z 20 60 80 100 HOUSEHOLDS [ Cumulative percent) Based on this Lorenz Curve, which country has the highest level of income inequality? Country X County Country Z Net enough information
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