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Assume that the government creates price supports for tomatoes in order to help the farmers. If these price supports take the form of a price
Assume that the government creates price supports for tomatoes in order to help the farmers. If these price supports take the form of a price floor in which the government prohibits the price of tomatoes from rising below $1.15 per kg, will there be a surplus or shortage of tomatoes? Calculate the quantity of the surplus or shortage
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