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If a price ceiling (set below the initial equilibrium price) is introduced in a market, then: Selected answer will be automatically saved. For keyboard navigation,
If a price ceiling (set below the initial equilibrium price) is introduced in a market, then: Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. a Producer surplus definitely decreases. b Consumer surplus definitely increases. C Neither a) nor b) are true. d Both a) and b) are true
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