Business
Business, 26.12.2019 23:31, lucystudies

Consider the us market for chocolate, a market in which the government has imposed a price ceiling. which of the following events could convert the price ceiling from a nonbinding to a binding price ceiling? a. a government study that shows that consuming chocolate increases the incidence of cancer. b. a large increase in the size of the cocoa bean crop; cocoa beans are used to produce chocolate. c. south american cocoa bean producers refuse to ship to chocolate producers in the us. d. a sharp drop in consumer income; chocolate is a normal good

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Consider the us market for chocolate, a market in which the government has imposed a price ceiling....

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