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_ To be binding, a price ceiling must be set at a price: 0 lower than the equilibrium price. 0 lower than the equilibrium price

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_ To be binding, a price ceiling must be set at a price: 0 lower than the equilibrium price. 0 lower than the equilibrium price and at which quantity supplied exceeds quantity demanded 0 higher than the equilibrium price. 0 at which quantity demanded exceeds quantity supplied

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