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Answer to Question #81248 in Microeconomics for lerato
Question #81248
Assume the market price for a 5 KG bag of rice is R80 and the government has announced that a 5KG bag of rice cannot be sold for less than R 100.
with the aid of a well labelled diagram, explain the effect the above government decision will have in the market for rice.
with the aid of a well labelled diagram, explain the effect the above government decision will have in the market for rice.
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