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The policies of microeconomics state that in every case in which the supply of a good is legally restricted, there is a wedge between the
- The policies of microeconomics state that in every case in which the supply of a good is legally restricted, there is a wedge between the demand price of the quantity transacted and the supply price of the quantity transacted. Explain using the appropriate model.
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In microeconomics the concept of a price wedge refers to a situation in which there is a difference ...
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Economics
Authors: R. Glenn Hubbard
6th edition
978-0134797731, 134797736, 978-0134106243
