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Suppose the demand for eggs is inelastic and that the market-clearing price is $1.50 per dozen. Now suppose the government imposes a minimum price of

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Suppose the demand for eggs is inelastic and that the market-clearing price is $1.50 per dozen. Now suppose the government imposes a minimum price of $2.00 per dozen. Why might the government implement such a policy? to reduce excess supply in the egg market to reduce excess supply in the egg market to make consumers better off O to increase excess demand in the egg market O to increase the incomes of egg farmers

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