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In competitive markets, an effective price ceiling:Select one:O a . Will tend to increase producer surplus, increase quantity supplied.O b . Will tend to decrease

In competitive markets, an effective price ceiling:Select one:O a.Will tend to increase producer surplus, increase quantity supplied.O b.Will tend to decrease producer surplus, decrease quantity supplied.C.Will tend to increase consumer surplus, decrease quantity demanded.O d. Will tend to decrease consumer surplus, increase quantity demanded.

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