AnswersEconomics - PathwaysElasticity and Incentives

Elasticity and Incentives Answers

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1
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price floorprice ceilingequilibrium price

A
price floor
B
price ceiling
C
equilibrium price
2
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a big TV a place to liveX medicine

A
a big TV
B
a place to live
C
medicine
3

more than before less than before✔ about the same amount

A
more than before
B
less than before
C
about the same amount

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