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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 Price Ceiling Will Create a Persistent and a Price
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A Price Ceiling Will Create a Persistent and a Price

Question 192

Question 192

Essay

A price ceiling will create a persistent and a price floor will create a persistent
________.
A.surplus; surplus
B.shortage; surplus
C.shortage; shortage
D.surplus; shortage

Correct Answer:

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