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27 Jul 2018
e. If the government set a price floor of $2.20 per bottle of alcohol, what effect does this have on the market? In particular, what is the quantity of alcohol consumed on the market and is there a shortage of alcohol created by this policy? Calculate and illustrate your answers. [10 marks]
e. If the government set a price floor of $2.20 per bottle of alcohol, what effect does this have on the market? In particular, what is the quantity of alcohol consumed on the market and is there a shortage of alcohol created by this policy? Calculate and illustrate your answers. [10 marks]
Jarrod RobelLv2
29 Jul 2018