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From course:

Economics A Level

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Question:

What would the Government Spend if a Minimum Price is set Above the Equilibrium? [In a Supply Demand Diagram]

Author: go kys



Answer:

-The Government will have to spend, at the Minimum Price Level, Points A and B which show the Intersection of the Minimum Price and the Supply/Demand Curves. Then the Q of Point A and B. Those are the Points of Concern


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go kys
go kys