What kind of price control generate excess supply of bananas

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Problem: Assume that the market equilibrium price is 50 cents for a pound of bananas, and the quantity sold is roughly 10 pounds. What kind of price control could generate an excess supply of bananas?

Reference no: EM133659060

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What kind of price control generate excess supply of bananas : Assume that the market equilibrium price is 50 cents for a pound of bananas. What kind of price control could generate an excess supply of bananas?
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