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A) occurs when there is a surplus of the good.
B) is unnecessary when a black market exists.
C) increases when an effective price ceiling is set on a good.
D) decreases when an effective price ceiling is set on a good.
Correct Answer:
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Q6: A price ceiling can result in which
Q7: A rent ceiling set above the equilibrium
Q8: A rent ceiling below the equilibrium rent
Q9: A rent ceiling results in a shortage.
Q10: A price _ is a regulated _
Q12: Suppose the government imposes a price ceiling
Q13: A price ceiling, such as a rent
Q14: A price ceiling
A) makes it illegal to
Q15: A price ceiling is a price
A) below
Q16: Which of the following is an effect
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