In the market depicted in the figure, there is either a price ceiling or a price floorsurprisingly,
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In the chart, there€™s a rectangle and a triangle. One represents the value lost from the €œdeals that don€™t get made€ and one represents the value lost from €œthe deals that do get made.€ Which is which?
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Triangle B represents value lost from the deals that dont get made Rectangle A represents the value lost in the deals that do ...View the full answer
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Muhammad Salman Alvi
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