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Use the following to answer question: Use the following to answer question:   -(Figure: Supply and Demand) Use Figure: Supply and Demand.A price ceiling of P<sub>1 </sub>causes: A) a shortage equal to the distance AB. B) a surplus equal to the distance AB. C) a shortage equal to the distance DE. D) no change to the market.
-(Figure: Supply and Demand) Use Figure: Supply and Demand.A price ceiling of P1 causes:

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Definitions:

Valois Dynasty

A royal dynasty of France that ruled from 1328 to 1589, known for its involvement in the Hundred Years' War and the Wars of Religion.

Catherine de'Medici

A prominent figure in French history, she was queen consort of France from 1547 to 1559 and played a significant role in the political and religious conflict of her times.

Mercenaries

Individuals or groups hired to fight in an armed conflict but are not part of the regular army or fighting forces of a country.

Thirty Years' War

A devastating and complex conflict in Central Europe between 1618 and 1648, involving many European states, marked by a struggle between Catholic and Protestant territories and resulting in significant territorial and power shifts.

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