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Suppose the government imposes an effective price floor on lemons. Which of the following is true? . Single choice. 7 Suppose the government imposes an

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Suppose the government imposes an effective price floor on lemons. Which of the following is true?

. Single choice.

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7 Suppose the government imposes an effective price floor on lemons. Which of the following is true? [ (1 Point) O none of the above are correct the price floor transfers wealth from people elsewhere people in the lemon market O all of the above the price floor creates an efficiency gain in the lemon market O the price floor transfers wealth from lemon consumers to lemon producers

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