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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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    (Table: the Market for Soda) Look at the Table the Market
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(Table: the Market for Soda) Look at the Table the Market

Question 20

Question 20

Essay

(Table: The Market for Soda) Look at the table The Market for Soda.If the government imposes a price ceiling of $0.50 per can of soda, there will be:
A.a shortage of 2 cans.
B.a shortage of 3 cans.
C.a surplus of 3 cans.
D.equilibrium in the market for soda.

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