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FIGURE 5minus6 Refer to Figure 5minus6. The market for good X is in equilibrium at P Subscript 0 and Q Subscript 0. Now suppose the
FIGURE 5minus6 Refer to Figure 5minus6. The market for good X is in equilibrium at P Subscript 0 and Q Subscript 0. Now suppose the government imposes a ________ at Upper P 1. One result would be ________. Question content area bottom Part 1 A. price ceiling; an increase in economic surplus represented by areas 5 and 6 B. price ceiling; a deadweight loss represented by areas 5, 6, 7 and 8 C. price floor; a deadweight loss represented by areas 5, 6, 7 and 8 D. price ceiling; a deadweight loss represented by areas 5 and 6 E. price floor; a deadweight loss represented by areas 2, 6 and 7
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