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Suppose that a price ceiling on interest rates is imposed at 25%. Which of the following is true? Select all that apply: If the equilibrium
Suppose that a price ceiling on interest rates is imposed at 25%. Which of the following is true? Select all that apply: If the equilibrium interest rate in the market is 20%, the price will effectively rise to the ceiling level of 25%. If the equilibrium interest rate in the market is 30%, the price will effectively be lowered to the ceiling level of 25%. If the equilibrium interest rate in the market is 35%, the price will remain at 35%. If the equilibrium interest rate in the market is 20%, the price will remain at 20%
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