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Q.12 Figure 4-7 Price of Wheat 1 5 D Q 1 Quantity Refer to Figure 4-7. Suppose that wheat producers lobby the government for a

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Q.12

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Figure 4-7 Price of Wheat 1 5 D Q 1 Quantity Refer to Figure 4-7. Suppose that wheat producers lobby the government for a price floor and receive one. This price floor is set at PF. What is the quantity of wheat purchased at PF? O Q1 O Q2 O Q3 O Q2 - Q1

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