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Question 56

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 illegal market price and quantity traded in the market? A) $5 and 30 units. B) $6 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 illegal market price and quantity traded in the market?


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

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