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-Refer to the Above Figure

Question 113

Multiple Choice

-Refer to the above figure. If the government imposes a price ceiling of $60 A) the quantity traded will be 150, and the price will be $40. B) the quantity traded will be 100, and the price will be $60. C) the quantity traded will be 200, and the price will be $60. D) the quantity traded will be 150, and the price will be $60.
-Refer to the above figure. If the government imposes a price ceiling of $60


A) the quantity traded will be 150, and the price will be $40.
B) the quantity traded will be 100, and the price will be $60.
C) the quantity traded will be 200, and the price will be $60.
D) the quantity traded will be 150, and the price will be $60.

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