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Figure: Supply and Demand

Question 172

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Figure: Supply and Demand
Figure: Supply and Demand (Figure: Supply and Demand) Look at the figure Supply and Demand.In the market shown in the figure, a price ceiling of P₃ causes: A.a shortage equal to the distance AB. B.a surplus equal to the distance AB. C.a shortage equal to the distance DE. D.no change to the market. Figure: Supply and Demand (Figure: Supply and Demand) Look at the figure Supply and Demand.In the market shown in the figure, a price ceiling of P₃ causes: A.a shortage equal to the distance AB. B.a surplus equal to the distance AB. C.a shortage equal to the distance DE. D.no change to the market. (Figure: Supply and Demand) Look at the figure Supply and Demand.In the market shown in the figure, a price ceiling of P₃ causes:
A.a shortage equal to the distance AB.
B.a surplus equal to the distance AB.
C.a shortage equal to the distance DE.
D.no change to the market.

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