Figure 6-1 -Refer to Figure 6-1.The Price Ceiling Shown in Panel (A)

question 183

Multiple Choice

Figure 6-1

-Refer to Figure 6-1.The price ceiling shown in panel (a)

• A)is not binding.
• B)creates a surplus.
• C)creates a shortage.
• D)Both a)and b)are correct.

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