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Figure: Effects of Price Ceilings (Figure: Effects of Price

Question 24

Multiple Choice

Figure: Effects of Price Ceilings Figure: Effects of Price Ceilings (Figure: Effects of Price Ceilings) Refer to the figure. Supposethat the data represent the retail gasoline market. At a priceceiling of $2, the total value of wasted time from waiting in lineis: A) $5. B) $10. C) $15. D) $20. (Figure: Effects of Price Ceilings) Refer to the figure. Supposethat the data represent the retail gasoline market. At a priceceiling of $2, the total value of wasted time from waiting in lineis:


A) $5.
B) $10.
C) $15.
D) $20.

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