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Figure 6-7 -Refer to Figure 6-7.Which of the Following Price Controls Would

Question 112

Multiple Choice

Figure 6-7
Figure 6-7 -Refer to Figure 6-7.Which of the following price controls would cause a shortage of 20 units of the good? A) a price ceiling set at $4 B) a price ceiling set at $5 C) a price floor set at $7 D) a price floor set at $8
-Refer to Figure 6-7.Which of the following price controls would cause a shortage of 20 units of the good?


A) a price ceiling set at $4
B) a price ceiling set at $5
C) a price floor set at $7
D) a price floor set at $8

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