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If a Binding Price Ceiling Is Set in the Market

Question 37

Multiple Choice

If a binding price ceiling is set in the market shown in the graph: A) quantity demanded will exceed quantity supplied. B) quantity supplied will exceed quantity demanded. C) the demand curve will have to shift. D) the supply curve will have to shift. If a binding price ceiling is set in the market shown in the graph:


A) quantity demanded will exceed quantity supplied.
B) quantity supplied will exceed quantity demanded.
C) the demand curve will have to shift.
D) the supply curve will have to shift.

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