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    Microeconomics Study Set 44
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    Exam 5: Price Controls and Quotas: Meddling With Markets
  5. Question
    A Binding Price Ceiling Is Designed To
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A Binding Price Ceiling Is Designed To

Question 51

Question 51

Multiple Choice

A binding price ceiling is designed to:


A) keep prices below the equilibrium level.
B) increase the quality of the good.
C) prevent shortages.
D) increase efficiency.

Correct Answer:

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