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When the city of Toronto sets a minimum price for Toronto Transit Commission (TTC) single fares, that is above the market-clearing price, we see Question
When the city of Toronto sets a minimum price for Toronto Transit Commission (TTC) single fares, that is above the market-clearing price, we see Question 13Select one: A. a decrease in demand. B. an increase in supply. C. a shortage of TTC services. D. frustrated riders who can't find TTC services. E. an excess supply of TTC services
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Microeconomics Theory and Applications with Calculus
Authors: Jeffrey M. Perloff
3rd edition
133019934, 978-0133019933
