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    Economics Principles and Policy Study Set 2
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    Exam 4: Supply and Demand: an Initial Look
  5. Question
    The Major Drawback of a Price Ceiling Is
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The Major Drawback of a Price Ceiling Is

Question 51

Question 51

Multiple Choice

The major drawback of a price ceiling is


A) it causes a surplus.
B) government regulations of this kind are difficult to enforce.
C) it causes a shortage.
D) there is no drawback.

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