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Question 62

Multiple Choice

-Refer to the graph above to answer this question.If the government imposes an effective price ceiling of $4,what will be the new price and quantity in the market? A) $5 and 30 units B) $4 and 30 units C) $6 and 35 units D) $6 and 40 units
-Refer to the graph above to answer this question.If the government imposes an effective price ceiling of $4,what will be the new price and quantity in the market?


A) $5 and 30 units
B) $4 and 30 units
C) $6 and 35 units
D) $6 and 40 units

Correct Answer:

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