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    Microeconomics
  4. Exam
    Exam 18: Elasticities, Price-Distorting Policies, and Non-Price Rationing
  5. Question
    Price Ceilings Have to Be Set Above the Undistorted Market
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Price Ceilings Have to Be Set Above the Undistorted Market

Question 8

Question 8

True/False

Price ceilings have to be set above the undistorted market equilibrium price in order to have any impact.

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