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Suppose that policy makers are concerned that the price of corn may get toohigh. The market for corn is depicted in the accompanying diagram. 10

Suppose that policy makers are concerned that the price of corn may get toohigh. The market for corn is depicted in the accompanying diagram.

10 9 8 Supply 7 Price ($) 6 5 4 3 Demand 2 O 0 1 2 3 4 5 6 7 8 9 ' 10 Quantity (in thousands of kilograms)

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