Microeconomics: Principles, Problems, & Policies, 20th Edition

Published by McGraw-Hill Education
ISBN 10: 0077660811
ISBN 13: 978-0-07766-081-9

Chapter 3 - Demand, Supply, and Market Equilibrium - Appendix - Review Questions - Page 81: 4

Answer

A & C will be able to work whereas B will not be able to work.

Work Step by Step

A & C will able to work whereas B will not be able to work. Reason: In the case of A: In the case of A, the supply is restricted, which will decrease supply and reduce the surplus. In the case of C: The government buys the extra surplus. In case B: The restraint demand will lead to increased surplus.
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