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Based on the lecture discussion about price ceiling, which of the following principles would be consistent with the concept/definition of price ceiling? I. price ceiling

Based on the lecture discussion about price ceiling, which of the following principles would be consistent with the concept/definition of price ceiling? I. price ceiling is the maximum value associated with a product II. no customer will be willing to pay a price for a product higher than its perceived value III. price ceiling is not related to value Group of answer choices Only statement I is true Only statement II is true Only statements I and II are true Only statements II and III are true Statements I, II, and III are true

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