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    Exam 4: Demand and Supply Applications
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    An Effective Price Ceiling Must Be Set
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An Effective Price Ceiling Must Be Set

Question 61

Question 61

Multiple Choice

An effective price ceiling must be set


A) above the equilibrium price.
B) below the equilibrium price.
C) at the equilibrium price.
D) either at or above the equilibrium price.

Correct Answer:

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