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If the Government Imposes a Price Ceiling, Then

Question 98

Multiple Choice

If the government imposes a price ceiling, then:


A) producers must charge the ceiling price.
B) the price offered by producers must be at or above the ceiling price.
C) the price offered by producers must be at or below the ceiling price.
D) producers would be inclined to increase the quantity supplied.
E) the market supply curve will shift to the right.

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