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Question 1 Consider the market for french fries that has standard demand and supply curves and starts in equilibrium. Which of the following policies would
Question 1 Consider the market for french fries that has standard demand and supply curves and starts in equilibrium. Which of the following policies would cause a decrease in the price of french fries paid by consumers? A binding price floor is imposed on french fries A binding price ceiling is imposed on french fries A binding quota is imposed on the sale of french fries ONone of the above would cause a decreases in the price Question 2 Consider the market for french fries that starts in equilibrium. Which of the following policies would cause a decrease in the quantity of french fries bought and sold? A binding price floor is imposed on french fries A binding price ceiling is imposed on french fries OA binding quota is imposed on the sale of french fries All of the above would cause a decrease in the quantity bought and sold
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