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Price (S U.S.) Supply 700 A 600 550 B 450 -=---C Demand 0 0 Quantity (in hundreds of units) 500 200 350 1) Assume that

Price (S U.S.) Supply 700 A 600 550 B 450 -=---C Demand 0 0 Quantity (in hundreds of units) 500 200 350 1) Assume that price (A) is a price ceiling. Is price A a binding price ceiling

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