=+10. The Venezuelan government has imposed a price ceiling on the retail price of roasted coffee beans.

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=+10. The Venezuelan government has imposed a price ceiling on the retail price of roasted coffee beans. The accompanying diagram shows the market for coffee beans. In the absence of price controls, the equilibrium is at point £, with an equilibrium


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Economics

ISBN: 9781319066604

5th Edition

Authors: Robin Krugman, Paul Wells

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