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QUESTION 3 1 If a price ceiling is set above the equilibrium price, then A . there will be neither a shortage nor a surplus

QUESTION 31
If a price ceiling is set above the equilibrium price, then
A. there will be neither a shortage nor a surplus of the good.
B. the price ceiling will generate revenue for the government.
C. there will be a surplus of the good.
D. there will be a shortage of the good.
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