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What Could Happen to Render the Price Ceiling Set in the Graph

Question 24

Multiple Choice

What could happen to render the price ceiling set in the graph shown non-binding? A) Demand could increase, and shift to the right. B) Demand could decrease, and shift to the left. C) Supply could decrease, and shift to the left. D) None of these would cause the price ceiling to be non-binding. What could happen to render the price ceiling set in the graph shown non-binding?


A) Demand could increase, and shift to the right.
B) Demand could decrease, and shift to the left.
C) Supply could decrease, and shift to the left.
D) None of these would cause the price ceiling to be non-binding.

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