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​Figure 6-32 -Refer to Figure 6-32.Which of Following Statements Is True Based

Question 210

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​Figure 6-32 ​Figure 6-32 -Refer to Figure 6-32.Which of following statements is true based upon the conditions in the market? A) ​a shortage will develop when a price ceiling is imposed at a price of $10. B) ​a surplus will develop when a price floor is imposed at a price of $8. C) ​a surplus will develop when a price floor is imposed at a price of $12. D) ​a shortage will develop when a price ceiling is imposed at a price of $14.
-Refer to Figure 6-32.Which of following statements is true based upon the conditions in the market?


A) ​a shortage will develop when a price ceiling is imposed at a price of $10.
B) ​a surplus will develop when a price floor is imposed at a price of $8.
C) ​a surplus will develop when a price floor is imposed at a price of $12.
D) ​a shortage will develop when a price ceiling is imposed at a price of $14.

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