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Figure 6-9 -Refer to Figure 6-9.A Price Ceiling Set at

Question 72

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Figure 6-9 Figure 6-9 -Refer to Figure 6-9.A price ceiling set at A) $4 will be binding and will result in a shortage of 8 units. B) $4 will be binding and will result in a shortage of 16 units. C) $7 will be binding and will result in a surplus of 4 units. D) $7 will be binding and will result in a surplus of 8 units.
-Refer to Figure 6-9.A price ceiling set at


A) $4 will be binding and will result in a shortage of 8 units.
B) $4 will be binding and will result in a shortage of 16 units.
C) $7 will be binding and will result in a surplus of 4 units.
D) $7 will be binding and will result in a surplus of 8 units.

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