Refer to the figure below. If the government sets a price floor of $80, the price would be: 90 80 S1 10 D1 4 8
Refer to the figure below. If the government sets a price floor of $80, the price would be: 90 80 S1 10 D1 4 8 12 16 20 24 28 32 36 O $30 higher than the equilibrium price. O The same as the equilibrium price. O $30 lower than the equilibrium price
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