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7. Refer to Figure Assume that an effective price ceiling of $2 is imposed in this market. What is the maximum cost that consumers will

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7. Refer to Figure Assume that an effective price ceiling of $2 is imposed in this market. What is the maximum cost that consumers will be willing to bear to be able to consume the good or Sapply Demand 25 35 Quantity (in thousands) service $2 b. $4 c. 56 d. $8

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