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    Exam 4: Extensions of Demand and Supply Analysis
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    Suppose the Market Clearing Price Is $15 and the Price
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Suppose the Market Clearing Price Is $15 and the Price

Question 358

Question 358

Multiple Choice

Suppose the market clearing price is $15 and the price ceiling is $17. The price that prevails in the market will be


A) $17.
B) $15.
C) less than $15.
D) more than $17.

Correct Answer:

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