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Suppose demand is given by P=60-Q and supply is given by P=12 +2Q. The government imposes a price ceiling of $24 in this market. A.

Suppose demand is given by P=60-Q and supply is given by P=12 +2Q. The government imposes a price ceiling of $24 in this market. A. After the price ceiling is implemented what happens to consumer surplus? A. increase B. decrease C. no change

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