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Refer to Exhibit 3-3. If price P1 is a price ceiling, then Group of answer choices the quantity exchanged is Q3. there is a surplus

Refer to Exhibit 3-3. If price P1 is a price ceiling, then Group of answer choices the quantity exchanged is Q3. there is a surplus in this market. it is the highest price that can legally be charged in this market. it is the lowest price that can legally be charged in this market

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