=+program creates a price floor for milk at $0.18 per pound. At that price, in 2015, the

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=+program creates a price floor for milk at $0.18 per pound. At that price, in 2015, the quantity of milk supplied is 240 billion pounds, and the quantity demanded is 140 billion pounds.

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Economics

ISBN: 9781319066604

5th Edition

Authors: Robin Krugman, Paul Wells

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