Answer: The demand for bread will fall which could result in an excess supply.
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The government has set a price floor on bread. Manufacturers cannot sell loaves for less than $5.00 which is a dollar above the market price. What will most likely result from this price control?
The government has set a price floor on bread. Manufacturers cannot sell loaves for less than $5.00 which is a dollar above the market price. What will most likely result from this price control ? The demand for bread will fall which could result in an excess supply.
The government has set a price floor on bread. Manufacturers cannot sell loaves for less than $5.00 which is a dollar above the market price. What will most likely result from this price control ? The demand for bread will fall which could result in an excess supply.;
The government has set a price floor on bread. Manufacturers cannot sell loaves for less than $5.00 which is a dollar above the market price. What will most likely result from this price control ? The quantity demanded for bread will decrease and the quantity supplied will increase. The quantity demanded and quantity supplied for bread will ...
The government has set a price floor on bread. Manufacturers cannot sell loaves for less than $5.00 which is a dollar above the market price. What will most likely result from this price control ? The quantity demanded for bread will decrease and the quantity supplied will increase. The quantity demanded and quantity supplied for bread will ...
The government has set ...
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