Business, 26.11.2019 21:31 niescarlosj

Adeadly hurricane caused substantial damage to corn produced in the eastern region of a small country, which is its main corn-producing belt. this resulted in acute shortage of corn in this country and the price increased. the government decided to introduce a price ceiling for com in an attempt to prevent an abnormal price hike. kyra, a student of economics, believed that this was not a good idea as it was likely to increase the shortage and create a huge deadweight loss. her friend, dona, however felt that the resultant deadweight loss may not be too high. which of the following, if true, would support kyra's claim? recent easing of immigration laws has resulted in more and more people migrating to this country. the opinion on whether the government should interfere in free markets is divided in this country. the last time the country was hit by a natural disaster, the government had not interfered in the pricing of goods and services. many policy makers are of the opinion that com should be imported to reduce the shortage. the people who managed to buy corn after the ceiling was imposed are happy that they did not have to pay a high price.

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Adeadly hurricane caused substantial damage to corn produced in the eastern region of a small countr...

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