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08-03-2024
Business

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What situation do we have in the following allocations, suppose that we can make a total of 100 goods under Rent Control Laws, Price Gouging Laws, Minimum Wage Laws, Minimum Tobacco Prices, and Salary caps?
A. Surplus due to Rent Control Laws
B. Shortage due to Price Gouging Laws
C. Excess supply due to Minimum Wage Laws
D. Equilibrium under Minimum Tobacco Prices

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