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    Microeconomics Study Set 32
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    Exam 3: Using Supply and Demand to Analyze Markets
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    Use the Following to Answer Question
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Use the Following to Answer Question

Question 102

Question 102

Multiple Choice

Use the following to answer question:
Figure 3.9 Use the following to answer question: Figure 3.9   -(Figure 3.9)  Suppose the government enacts a price ceiling of $250 per ton. Which of the following statements are TRUE?   A)  I, II, and IV B)  I and IV C)  II and III D)  II, III, and IV
-(Figure 3.9) Suppose the government enacts a price ceiling of $250 per ton. Which of the following statements are TRUE? Use the following to answer question: Figure 3.9   -(Figure 3.9)  Suppose the government enacts a price ceiling of $250 per ton. Which of the following statements are TRUE?   A)  I, II, and IV B)  I and IV C)  II and III D)  II, III, and IV


A) I, II, and IV
B) I and IV
C) II and III
D) II, III, and IV

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