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coUsing Supply and Demand to Analyze Markets - End of Chapter Problem The diagram below illustrates the market for beef. Suppose the government has instituted

coUsing Supply and Demand to Analyze Markets - End of Chapter Problem The diagram below illustrates the market for beef. Suppose the government has instituted a price support program for beef by E placing a price floor at $4.00 per pound. Under the program, any unsold beef will be purchased by the government and destroyed. Answer the following questions about the impacts of this

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