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What Would You Expect the Consequences of Size and Quality

Question 48

Multiple Choice

What would you expect the consequences of size and quality to be for a product sold under a binding price ceiling?


A) Both the quality and the size of the product will decrease.
B) The quality of the product will increase but the size of the product will decrease.
C) Both the quality and the size of the product will increase.
D) The quality of the product will decrease but the size of the product will increase.
E) Neither the quality nor the size of the product will be affected.

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