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    Microeconomics Study Set 45
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    Exam 3: Demand, Supply, and Market Equilibrium
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    Price Floors and Ceiling Prices Both
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Price Floors and Ceiling Prices Both

Question 89

Question 89

Multiple Choice

Price floors and ceiling prices both


A) cause shortages.
B) cause surpluses.
C) cause the supply and demand curves to shift until equilibrium is established.
D) interfere with the rationing function of prices.

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