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Question: ncgles od matrono 74431 ork 2 demand and supply...

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ncgles od Matrono 74431 ork 2 - Demand and Supply 00.00 Shivamkumar Patel: Attempt 1 Question 15 (1 point) Consider the market for soybeans illustrated in the figure below. Assume the market is initially in equilibrium at point A. Then assume the government imposes a price floor of p2. How does this affect the market? P. 5 per bunle 12 Pi 15 18 21 The price floor results in an equilibrium where supply equals demand. The price floor results in a surplus of corn. The price floor is not binding and has no effect The price floor results in a shortage of corn Question 16 (1 point) Consider the market for apartments in New York City illustrated in the figure below. Assume
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