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Suppose the equilibrium price of a physical examination (physical) by a doctor is $200, and the government imposes a price ceiling of $150 per physical.
Suppose the equilibrium price of a physical examination ("physical") by a doctor is $200, and the government imposes a price ceiling of $150 per physical. As a result of the price ceiling,
A. The quantity of physical demanded increases.
B. There is shortage of physicals.
C. The quantity of physicals supplied decreases.
D. All of the above are correct
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