Solved: Supply or price of a good or service, Microeconomics

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Supply or price of a good or service

Problem:

Describe a scenario where either the supply or price of a good or service is intentionally limited by the government. Explain the effect of this policy on both the suppliers and consumers of the good or service.

Who benefits the most from the restriction and why?

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Microeconomics: Supply or price of a good or service

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