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Price supports prevent the market ______. 1) from increasing quantity demanded above quantity supplied. 2) from determining a price below equilibrium. 3) from determining a

Price supports prevent the market ______.

1)
from increasing quantity demanded above quantity supplied.

2)
from determining a price below equilibrium.

3)
from determining a price above equilibrium.

4)
from efficiently pricing product characteristics.

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Question

Price supports prevent the market ______. 1) from increasing quantity demanded above quantity supplied. 2) from determining a price below equilibrium. 3) from determining a

Price supports prevent the market ______. 1) from increasing quantity demanded above quantity supplied. 2) from determining a price below equilibrium. 3) from determining a price above equilibrium. 4) from efficiently pricing product characteristics.

Step by Step Solution

Step: 1

Get Instant Access with AI-Powered Solutions

Step: 2

Step: 3

Ace Your Homework with AI

Recommended Textbook for

Principles of economics

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Price supports prevent the market ______.

1)
from increasing quantity demanded above quantity supplied.

2)
from determining a price below equilibrium.

3)
from determining a price above equilibrium.

4)
from efficiently pricing product characteristics.