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Question 5 One likely result of a price ceiling is that: O a, the price charged in the market would be above the equilibrium price.

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Question 5 One likely result of a price ceiling is that: O a, the price charged in the market would be above the equilibrium price. O b. a surplus of product would result. O c, the available product must be rationed. O d. the price charged in the market would be the equilibrium price. Moving to the next question prevents changes to this answer. W P

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