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Assume that the market equilibrium price is 50 cents for a pound of bananas, and the quantity sold is roughly 10 pounds. What kind of
Assume that the market equilibrium price is 50 cents for a pound of bananas, and the quantity sold is roughly 10 pounds. What kind of price control could generate an excess supply of bananas? Select the correct answer below: A price floor of 25 cents per pound A price floor of 50 cents per pound A price floor of 75 cents per pound None of the above
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