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    Principles of Microeconomics Study Set 4
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    Exam 3: Demand and Supply: An Elaboration
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    -Refer to the Graph Above to Answer This Question
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-Refer to the Graph Above to Answer This Question

Question 90

Question 90

Multiple Choice

  -Refer to the graph above to answer this question.If the government imposes a price ceiling of $7,what will be the new price and quantity in the market? A) $6 and 40 B) $6 and 30 C) $4 and 30 D) $5 and 35
-Refer to the graph above to answer this question.If the government imposes a price ceiling of $7,what will be the new price and quantity in the market?


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

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