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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Suppose that the federal government places a binding price floor on chocolate. to support the price...
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