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Suppose the government imposes a binding price ceiling on bread. Which of the following would NOT be a consequence of such a law? Group of
Suppose the government imposes a binding price ceiling on bread. Which of the following would NOT be a consequence of such a law? Group of answer choices There will be a shortage of bread on the market. Bakers will improve the quality of bread they provide to the market in order to attract more customers. Long lines of willing buyers will develop in front of bakeries. Mechanism other than the price will be used to ration the good
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