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11 Oct 2018
54) Suppose the government imposes a maximum price (price ceiling) equal to $15. A) This will lead to excess supply in the market equal to 25 units. B) This will lead to excess supply in the market equal to 10 units. C) This will have no affect on the market. D) This will lead to excess demand in the market equal to 10 units. E) This will lead to excess demand in the market equal to 25 units.
54) Suppose the government imposes a maximum price (price ceiling) equal to $15. A) This will lead to excess supply in the market equal to 25 units. B) This will lead to excess supply in the market equal to 10 units. C) This will have no affect on the market. D) This will lead to excess demand in the market equal to 10 units. E) This will lead to excess demand in the market equal to 25 units.
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