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-Refer to Figure 2-1

Question 50

Multiple Choice

-Refer to Figure 2-1.Assume that an effective price ceiling of $2 is imposed in this market.What is the maximum cost that consumers will be willing to bear to be able to consume the good or service? A) $2 B) $4 C) $6 D) $8
-Refer to Figure 2-1.Assume that an effective price ceiling of $2 is imposed in this market.What is the maximum cost that consumers will be willing to bear to be able to consume the good or service?


A) $2
B) $4
C) $6
D) $8

Correct Answer:

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