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  3. Study Set
    Principles of Microeconomics
  4. Exam
    Exam 6: Price Ceilings and Price Floors
  5. Question
    -In Exhibit F-3, a Price Ceiling of 40 Results in
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-In Exhibit F-3, a Price Ceiling of 40 Results in

Question 31

Question 31

Multiple Choice

  -In Exhibit F-3, a price ceiling of 40 results in A)  market equilibrium B)  an excess demand of 40 C)  an excess demand of 30 D)  an excess supply of 40 E)  an excess supply of 30
-In Exhibit F-3, a price ceiling of 40 results in


A) market equilibrium
B) an excess demand of 40
C) an excess demand of 30
D) an excess supply of 40
E) an excess supply of 30

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