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The market for avocados is in equilibrium at a price of $1.00 per pound. If a price floor is imposed in the avocado market at
The market for avocados is in equilibrium at a price of $1.00 per pound. If a price floor is imposed in the avocado market at $0.85 per pound: Question 4 options: quantity supplied will increase. the market price and output will be unaffected. there will be a shortage for mangos. quantity demanded will decrease
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Principles of Economics
Authors: Fred M. Gottheil
7th edition
978-1133962069, 9781285064444, 1133962068, 1285064445, 978-1285064437
