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Refer to the Graph Shown

Question 122

Multiple Choice

Refer to the graph shown. With an effective price ceiling at Pc, the quantity supplied: Refer to the graph shown. With an effective price ceiling at Pc, the quantity supplied: A) falls from Q<sub>3</sub> to Q<sub>2</sub>. B) falls from Q<sub>1</sub> to Q<sub>2</sub>. C) increases from Q<sub>2</sub> to Q<sub>1</sub>. D) increases from Q<sub>1</sub> to Q<sub>3</sub>.


A) falls from Q3 to Q2.
B) falls from Q1 to Q2.
C) increases from Q2 to Q1.
D) increases from Q1 to Q3.

Correct Answer:

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