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-Refer to Table 3

Question 43

Multiple Choice

-Refer to Table 3.4. If a price ceiling of $55 is imposed, A) a shortage equal to 250 units will result. B) a shortage equal to 200 units will result. C) a surplus equal to 200 units will result. D) the price will be forced to the equilibrium price before the ceiling. E) the price will be above the equilibrium price.
-Refer to Table 3.4. If a price ceiling of $55 is imposed,


A) a shortage equal to 250 units will result.
B) a shortage equal to 200 units will result.
C) a surplus equal to 200 units will result.
D) the price will be forced to the equilibrium price before the ceiling.
E) the price will be above the equilibrium price.

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