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Question 90

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Use the following to answer questions: Use the following to answer questions: -(Table: Quantity Supplied and Quantity Demanded) Look at the table Quantity Supplied and Quantity Demanded. A government-imposed price ceiling equal to $5 would result in: A) the equilibrium quantity being bought and sold in this market. B) excess demand. C) excess supply. D) a surplus occurring in this market.
-(Table: Quantity Supplied and Quantity Demanded) Look at the table Quantity Supplied and Quantity Demanded. A government-imposed price ceiling equal to $5 would result in:


A) the equilibrium quantity being bought and sold in this market.
B) excess demand.
C) excess supply.
D) a surplus occurring in this market.

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