Business
Business, 23.10.2019 21:00, rose8969

Suppose that the government set the price of chocolate at $6 per pound. which of the following statements best describes an effect of this price control? group of answer choices there would be a surplus of 40 pounds of chocolate less chocolate would be demanded at $4 than at $6 producers of chocolate would want the price set at $4 there would be a shortage of 20 pounds of chocolate

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Business, 02.10.2019 01:00, Vamoppppp
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Business, 23.10.2019 02:00, bovalle
Suppose that the federal government places a binding price floor on chocolate. to support the price floor, the government purchases all chocolate that consumers do not buy. if the price floor remains in place for a number of years, what do you expect to happen to the quantity of chocolate purchased by the government compared to the quantity of chocolate purchased by the government when the price floor is first imposed?
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