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Practice Problem of the Day, 9/26/2013

September 26th, 2013 · No Comments
Practice Problem of the Day

This video shows how to analyze the impact of a price floor in a market and compare the costs and benefits of a price floor to those of a “target price” policy. The problem is taken from Essentials of Economics, 2nd Edition, by Paul Krugman, Robin Wells, and Kathryn Graddy, and is Ch. 4 problem #16.

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