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-Refer to the Graph Above to Answer This Question

question 150

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  -Refer to the graph above to answer this question. What would be the result if a price ceiling is set which is $2 different from the equilibrium price? A)  The price would be above equilibrium and a surplus of 60 would be produced. B)  The price would be below equilibrium and a shortage of 60 would be produced. C)  The price would be above equilibrium and a shortage of 60 would be produced. D)  The price would be below equilibrium and a surplus of 60 would be produced.
-Refer to the graph above to answer this question. What would be the result if a price ceiling is set which is $2 different from the equilibrium price?


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