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-A)Is $16 a Price Ceiling or a Price Floor in the Above

Question 251

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-A)Is $16 a price ceiling or a price floor in the above graph? B)Is there a shortage or a surplus? C)How much is this shortage or surplus?
-A)Is $16 a price ceiling or a price floor in the above graph?
B)Is there a shortage or a surplus?
C)How much is this shortage or surplus?

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A)Ceiling
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