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Table 6-1 -Refer to Table 6-1.Suppose the Government Imposes a Price Ceiling

Question 231

Multiple Choice

Table 6-1
Table 6-1 -Refer to Table 6-1.Suppose the government imposes a price ceiling of $5 on this market.What will be the size of the shortage in this market? A) 0 units B) 2 units C) 8 units D) 10 units
-Refer to Table 6-1.Suppose the government imposes a price ceiling of $5 on this market.What will be the size of the shortage in this market?


A) 0 units
B) 2 units
C) 8 units
D) 10 units

Correct Answer:

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