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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 aWill tend to increase producer surplus, increase quantity supplied.O bWill tend to decrease producer surplus, decrease quantity supplied.CWill tend to increase consumer surplus, decrease quantity demanded.O d Will tend to decrease consumer surplus, increase quantity demanded.
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