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Microeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-1260566642Microeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-1260566642 Exercise 2
Figure 6P-1 shows a market in equilibrium. a. Draw a price ceiling at $12. What is the amount of shortage at this price? Draw and calculate the deadweight loss.b. Draw a price ceiling at $4. What is the amount of shortage at this price? Draw and calculate the deadweight loss. 
Explanation
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Price ceiling:
Price ceiling refers to ...
Microeconomics 1st Edition by Dean Karlan,Jonathan Morduch
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