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A regulated maximum price (price ceiling) that is above the equilibrium price: Select one: a. will lead to excess supply in the market. b. will

A regulated maximum price (price ceiling) that is above the equilibrium price:

Select one:

a. will lead to excess supply in the market.

b. will have no effect on the market.

c. will lead to excess demand in the market.

d. will lead to black markets.

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