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Business, 04.08.2020 17:01 dearydn22

If the government guarantees sugar farmers a price of $1 per pound when the market equilibrium price is actually $0.50 per pound, which of the following will occur? a) A shortage of sugar will occur, increasing inefficiency.

b) A shortage of sugar will occur, decreasing inefficiency.

c) A surplus of sugar will occur, increasing inefficiency.

d) A surplus of sugar will occur, decreasing inefficiency.

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