Multiple Choice
Which of the below is true?
A) A price ceiling reduces the quantity exchanged on the market, but a price floor increases the quantity exchanged on the market.
B) A price ceiling increases the quantity exchanged on the market, but a price floor decreases the quantity exchanged on the market.
C) Both price floors and price ceilings reduce the quantity exchanged in the market.
D) Both price floors and price ceilings increase the quantity exchanged in the market.
Correct Answer:

Verified
Correct Answer:
Verified
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