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Which of the Following Is an Effect of a Price

Question 147

Multiple Choice

Which of the following is an effect of a price ceiling set below the equilibrium price?


A) Less of the good is produced with the ceiling than would be produced without the ceiling.
B) The price ceiling has no effect on the market equilibrium.
C) Consumers can buy more than they can at the equilibrium price because the ceiling price is lower.
D) None of the above answers is correct.

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