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Draw a product market that has a maximum price set by the government. Label all axes and curves. Identify the market price and the
Draw a product market that has a maximum price set by the government. Label all axes and curves. Identify the market price and the set price. Will the set price lead to a shortage or to a surplus in this market?
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
538453257, 978-0538453257
