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If the Government Removes a Binding Price Ceiling from a Market

Question 67

Multiple Choice

If the government removes a binding price ceiling from a market, then the price paid by buyers will


A) ​increase, and the quantity exchanged will increase.
B) ​increase, and the quantity exchanged will decrease.
C) ​decrease, and the quantity exchanged will increase.
D) ​decrease, and the quantity exchanged will decrease.

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