3. Effective price ceilings are inefficient because they a. create shortages. b. lead to wasted resources. c.

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3. Effective price ceilings are inefficient because they

a. create shortages.

b. lead to wasted resources.

c. decrease quality.

d. create black markets.

e. do all of the above.

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Krugmans Economics For Ap

ISBN: 9781429218276

2nd Edition

Authors: Margaret Ray, David A. Anderson

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