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27 Nov 2019
Which of the following observations would be consistent with the imposition of a binding price ceiling on a market? After the price ceiling becomes effective.
a)a smaller quantity of the good is bought and sold.
b)a smaller quantity of the good is demanded.
c)a larger quantity of the good is supplied.
d)the price rises above the previous equilibrium.
Which of the following observations would be consistent with the imposition of a binding price ceiling on a market? After the price ceiling becomes effective.
a)a smaller quantity of the good is bought and sold.
b)a smaller quantity of the good is demanded.
c)a larger quantity of the good is supplied.
d)the price rises above the previous equilibrium.
evereadyLv10
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