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TABLE 4-2 -Refer to Table 4-2. Suppose That D₁ and S₂ Are

Question 27

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TABLE 4-2
TABLE 4-2 -Refer to Table 4-2. Suppose that D₁ and S₂ are the demand and supply schedules for Product A. What will result if the government imposes a price ceiling of $4? A) a 10 unit surplus B) a 5 unit surplus C) a 5 unit shortage D) a 10 unit shortage
-Refer to Table 4-2. Suppose that D₁ and S₂ are the demand and supply schedules for Product A. What will result if the government imposes a price ceiling of $4?


A) a 10 unit surplus
B) a 5 unit surplus
C) a 5 unit shortage
D) a 10 unit shortage

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