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71.
Which of the following will result in a 'shortage' of housing?
72.
The above diagram shows the supply and demand for good X. If the government offers a subsidy of $2 for each unit of output, the market price will
73.
If a government abandons the policy of giving subsidy to farm products, then the price of farm products will _______ and the quantity of farm products transacted will _______.
74.
Suppose the government increases the tax on cigarettes by $2. Consequently, the price of each packet of cigarettes increases by $1.5. Which of the following statements is true?