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18 Aug 2020
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
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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