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    Microeconomics Study Set 40
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    Exam 5: Price Controls and Quotas: Meddling With Markets
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    A Binding Price Ceiling Is Designed To
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A Binding Price Ceiling Is Designed To

Question 83

Question 83

Essay

A binding price ceiling is designed to:
A.keep prices low.
B.increase the quality of the good.
C.prevent shortages.
D.increase efficiency.

Correct Answer:

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