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    Principles of Economics
  4. Exam
    Exam 6: Supply, Demand and Government Policies
  5. Question
    A Binding Price Ceiling Causes
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A Binding Price Ceiling Causes

Question 100

Question 100

Multiple Choice

A binding price ceiling causes:


A) excess supply
B) a shortage
C) a surplus
D) equilibrium price to rise

Correct Answer:

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