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Canadian chicken farmers get together and determine that the fair price for chicken is $20. They are a well organized group, and concentrated geographically in

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Canadian chicken farmers get together and determine that the "fair" price for chicken is $20. They are a well organized group, and concentrated geographically in swing ridings that will determine the next federal election. Naturally, the government agrees and hires you to analyze policies to achieve the fair-a nd-totally-not-political price of $20 per chicken. Demand is given by: P=40-2Q Supply is given by: P=Q/2 If the government were to implement a price regulation, it would set a price (ceiling or floor) of $20. Given the market, such a policy would be binding) (binding or non

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