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Economics
MEDIUM
ENGLISH
Economics
A price ceiling is ?
a maximum price usually set by government that sellers may charge for a good
Correct answer
B
the different between the initial equilibrium price and the equilibrium price after a decrease in supply
Option B
C
a minimum price usually set by government that sellers must charge for a good
Option C
D
a minimum price that consumers are willing to pay for a good.
Option D
Correct answer: A
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