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(Figure: Understanding Price Ceilings and Floors) in the Graph, If

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(Figure: Understanding Price Ceilings and Floors) In the graph, if the government sets a maximum price of $25, this is an example of a binding price ceiling. (Figure: Understanding Price Ceilings and Floors) In the graph, if the government sets a maximum price of $25, this is an example of a binding price ceiling.

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