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Suppose the government imposes a price ceiling on a good because it believes that the market-determined price is too high. A price ceiling above the

Suppose the government imposes a price ceiling on a good because it believes that the market-determined price is too high. A price ceiling above the equilibrium price will cause:

a. buyers to purchase less of the good.

b. buyers to purchase more of the good than at the equilibrium price.

c. sellers to offer fewer units of the good for sale.

d. neither sellers nor buyers to change their behavior.

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