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    Exam 8: Price Ceilings and Floors
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    Suppose That Supply Is Fixed at 100 Units and Demand
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Suppose That Supply Is Fixed at 100 Units and Demand

Question 99

Question 99

True/False

Suppose that supply is fixed at 100 units and demand is Q = 500 - P. A price ceiling of $100 creates a shortage of 400 units.

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