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28-09-2018
Business

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B. what is the monthly surplus created in the wholesale butter market due to the price support (price floor) program?

Respuesta :

saadhussain514 saadhussain514

07-10-2018

Answer:

The answer is Surplus is equal to zero.

Explanation:

Suppose if P = 1$.

Q = 101, Qs = 79

Where as monthly surplus = 79 - 101

Monthly surplus = -22

_22 means negative surplus which can also be interpreted as zero surplus.

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