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    Microeconomics Study Set 25
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    Exam 5: Price Controls and Quotas: Meddling With Markets
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    Use the Following to Answer Question
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Use the Following to Answer Question

Question 78

Question 78

Multiple Choice

Use the following to answer question: Use the following to answer question:   -(Figure: Supply and Demand) Use Figure: Supply and Demand.A binding price ceiling is represented by: A) the price P<sub>1</sub>. B) the price P<sub>2</sub>. C) the price P<sub>3</sub>. D) point C.
-(Figure: Supply and Demand) Use Figure: Supply and Demand.A binding price ceiling is represented by:


A) the price P1.
B) the price P2.
C) the price P3.
D) point C.

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