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The graph shows a price floor (Pflr) that at first happens to lie exactly at the equilibrium price for corn. The floor is intended to
The graph shows a price floor (Pflr) that at first happens to lie exactly at the equilibrium price for corn. The floor is intended to shore up the price of corn but is currently nonbinding. Then a new law about the use of (corn-derived) ethanol in gasoline causes a change in demand. Drag the appropriate curve to illustrate what happens if the change causes the floor to become binding
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