13.Which of the following will NOT reduce actual consumption of premium Ice Cream?
  1. An excise tax of $0.50 on every pint of ice cream.
  2. Increased consumer fears about the danger of sugar.
  3. An effective price ceiling of $1.00 imposed by the government.
  4. An effective price floor of $5.00 imposed by the government.
  5. An increase in the price of frozen yogurt, (a substitute for ice cream).
Supply and Demand for Ice Cream
Price Q. Demanded Q. Supplied
$1.00 100 25
$2.00 95 50
$3.00 90 75
$4.00 85 100
$5.00 80 125

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