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-Refer to the Above Figure

Question 260

Multiple Choice

-Refer to the above figure. A price ceiling has been set at P₁, and a black market has opened. The equilibrium black market quantity will be A) below Q₁. B) above Q₃. C) between Q₁ and Q₃. D) Q₂.
-Refer to the above figure. A price ceiling has been set at P₁, and a black market has opened. The equilibrium black market quantity will be


A) below Q₁.
B) above Q₃.
C) between Q₁ and Q₃.
D) Q₂.

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