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    Microeconomics Study Set 25
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    Exam 5: Price Controls and Quotas: Meddling With Markets
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    A Binding Price Ceiling Is Usually Designed To
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A Binding Price Ceiling Is Usually Designed To

Question 99

Question 99

Multiple Choice

A binding price ceiling is usually designed to:


A) keep prices below the equilibrium level.
B) increase the quality of the good.
C) prevent shortages.
D) increase efficiency.

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