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Suppose the equilibrium price of a case of beer is $16, and the government imposes a price floor of $25 per case of beer. As
Suppose the equilibrium price of a case of beer is $16, and the government imposes a price floor of $25 per case of beer. As a result of the price floor, the multiple choice demand curve for cases of beer shifts to the right. number of cases of beer bought and sold stays the same. quantity demanded of beer decreases, and the quantity supplied of beer increases. supply curve for cases of beer shifts to the left
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