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Question 105

Multiple Choice

Use the following to answer questions:
Figure: Price Ceilings and Valuation of Uses Use the following to answer questions: Figure: Price Ceilings and Valuation of Uses   -(Figure: Price Ceilings and Valuation of Uses)  Refer to the figure. Suppose a price ceiling of $15 goes into effect. If the highest-value use and the lowest-value use are equally likely to be satisfied, then the average value of the product is: A)  $45. B)  $30. C)  $25. D)  $35.
-(Figure: Price Ceilings and Valuation of Uses) Refer to the figure. Suppose a price ceiling of $15 goes into effect. If the highest-value use and the lowest-value use are equally likely to be satisfied, then the average value of the product is:


A) $45.
B) $30.
C) $25.
D) $35.

Correct Answer:

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