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Figure 6-1

Question 263

Multiple Choice

Figure 6-1
Panel (a) Panel (b) Figure 6-1 Panel (a) Panel (b) -Refer to Figure 6-1.The situation in panel (a) may be described as one in which A) the price ceiling is not binding. B) the price ceiling really functions as a price floor. C) a surplus of the good will be observed. D) Both (b) and (c) are correct. Figure 6-1 Panel (a) Panel (b) -Refer to Figure 6-1.The situation in panel (a) may be described as one in which A) the price ceiling is not binding. B) the price ceiling really functions as a price floor. C) a surplus of the good will be observed. D) Both (b) and (c) are correct.
-Refer to Figure 6-1.The situation in panel (a) may be described as one in which


A) the price ceiling is not binding.
B) the price ceiling really functions as a price floor.
C) a surplus of the good will be observed.
D) Both (b) and (c) are correct.

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