(Figure: Determining Surplus and Loss) In the graph, if the government sets a price of $12, this is an example of an: 
A) effective price ceiling.
B) effective price floor.
C) efficient price ceiling.
D) efficient price floor.
Correct Answer:
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Q227: (Figure: Understanding Price Ceilings and Floors) In
Q228: (Figure: Understanding Price Ceilings and Floors) In
Q229: (Figure: Determining Surplus and Loss) In the
Q230: A price floor is _ if it
Q231: (Figure: Determining Surplus and Loss) In the
Q233: If a price floor is set above
Q234: If a price floor is set below
Q235: (Figure: Understanding Price Ceilings and Floors) In
Q236: (Figure: Understanding Price Ceilings and Floors) In
Q237: (Figure: Understanding Price Ceilings and Floors) In
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