Business, 13.12.2019 23:31 jaejaeJae941

Suppose the market price of corn is $5 a bushel but the government sets a price of $7. as a

a. the private demand will increase over time until $7 is the market price.
b. the government must purchase the surplus to maintain the price.
c. there is a shortage of corn.
d. farmers will reduce planting until the market price is $7.

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Suppose the market price of corn is $5 a bushel but the government sets a price of $7. as a
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