2. Effective price ceilings are inefficient because they a. create surplus. b. are harmful to all consumers.

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2. Effective price ceilings are inefficient because they

a. create surplus.

b. are harmful to all consumers.

c. increase quality.

d. create black markets.

e. allow some consumers to pay a lower price for the good.

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Related Book For  book-img-for-question

Macroeconomics In Modules

ISBN: 978-1464139055

3rd Edition

Authors: Paul Krugman ,Robin Wells

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