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6.00 5.507 5.00 4.50 4.00 3.50 Price floor Price 3.00 2.50 2.00- 1.50- 1.00- 0.504 6 5 10 15 20 25 30 35 40 45 50 55 Quantity
The diagram to the right shows a market in which a price floor of $3.00 per unit has been imposed. With the price floor, cons
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