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QUESTION 15 Price controls such as price ceiling or price floor O A. always produce a fair outcome. O B. always produce the best outcome.

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QUESTION 15 Price controls such as price ceiling or price floor O A. always produce a fair outcome. O B. always produce the best outcome. O C. can generate shortage or surplus O D. always increase total surplusQUESTION 16 if a price ceiling is not binding, then O A. the equilibrium price is above the price ceiling. O B. the equilibrium price is below the price ceiling. O C. it has no legal enforcement mechanism. O D. the equilibrium quantity would decrease

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