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A price ceiling is characterized by:

A. a price set below the current (or equilibrium) market price of the good.

B. a price set above the current (or equilibrium) market price of the good.

C. a shift of the demand curve (function).

D. a shift of the supply curve.

E. None of the above

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Samantha Balando
Samantha BalandoLv7
15 Oct 2020
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