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Figure 4-18 -Refer to Figure 4-18. in This Market, Which of the Which

question 11

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Figure 4-18 Figure 4-18   -Refer to Figure 4-18. In this market, which of the following price controls would be binding? A)  a price ceiling of $2.00, and it would cause a shortage B)  a price ceiling of $5.00, and it would cause a surplus C)  a price floor of $2.00, and it would cause a shortage D)  All of the above are correct.
-Refer to Figure 4-18. In this market, which of the following price controls would be binding?


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