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QUESTION
Refer to Figure 6-7. Which of the following price controls would cause a shortage of 20 units of the good?
Refer to Figure 6-7. Which of the following price controls would cause a shortage of 20 units of the good? A) a price ceiling set at $4 B) a price ceiling set at $5 C) a price floor set at $7 D) a price floor set at $8
