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1.09 - Question 1(Worth 3 points Which of the following...

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Question 1 (Worth 3 points) Which of the following will occur if the government institutes an effective price floor on strawberries? There will be an increase in demand for and a decrease in supply of strawberries. The quantity supplied of strawberries will increase. There will be an increase in demand for strawberries. The quantity demanded for strawberries will increase. Points earned on this question : 0 Question 2 (Worth 3 points) When the government sets an effective price floor there will be an increase in demand. there will be a decrease in supply. there will be a decrease in demand. neither supply nor demand will change. Points earned on this question : 0 Question 3 (Worth 3 points) Which of the following will occur if the government institutes an effective price
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ceiling on ice cream? There will be an increase in supply of ice cream. There will be an increase in demand for ice cream. The quantity demanded will be greater than the quantity supplied of ice cream.
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1.09 - Question 1(Worth 3 points Which of the following...

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