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Suppose that the federal government places a binding price floor on chocolate. To help support the price floor, the government purchases all chocolate that consumers

Suppose that the federal government places a binding price floor on chocolate. To help support the price floor, the government purchases all chocolate that consumers do not buy. If the price floor remains in place for a number of years, what do you expect to happen to the quantity of chocolate demanded by consumers compared to the quantity of chocolate demanded before the price floor?

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