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Suppose the government is choosing among the following three policies, each of which reduces equilibrium quantity by 12%, in the short run in a perfectly

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Suppose the government is choosing among the following three policies, each of which reduces equilibrium quantity by 12%, in the short run in a perfectly competitive market: . A price floor equal to $18. . A price ceiling equal to $6. . A quota of 100 units. Which of the following statements is TRUE? (Assume no externalities.) The size of the deadweight loss will depend on the own-price elasticity of demand. The size of the deadweight loss will depend on the own-price elasticity of supply. There is insufficient information to determine the relative size of the deadweigh loss of each of these policies. All three policies will result in the same deadweight loss

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