What would be the impact of a price floor set above the equilibrium price for dairy products?

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What would be the impact of a price floor set above the equilibrium price for dairy products? Below the equilibrium price?

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Exploring Economics

ISBN: 9781439040249

5th Edition

Authors: Robert L Sexton

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Question Posted: Feb 07, 2013 06:04 AM

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What would be the impact of a price floor set above the equilibrium price for dairy products?

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Price floor is imposed by government to control the price we ...View the full answer

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