Lovers of opera persuade the government to impose a price ceiling of 50 per ticket at the

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Lovers of opera persuade the government to impose a price ceiling of €50 per ticket at the country’s national opera house. Does this policy get more or fewer people to attend? What does the market outcome depend on?

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Economics

ISBN: 9781473768543

5th Edition

Authors: Gregory Mankiw, Mark P. Taylor

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