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8: Use graph below, answer questions a- d: (8 points) a) Choose any one price that would be considered a price ceiling. b) Explain why

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8: Use graph below, answer questions a- d:(8 points)

a)Choose any one price that would be considered a "price ceiling".

b) Explain why some economists might disagree with imposition of a price ceiling on product X.

c) What is the last consumer's surplus at 300th unit of output.

d) Give an example of a good or a service that might rationalize imposition of a price ceiling on.

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